Western Digital has been granted approval to expand its $0.693 billion project in Thailand to increase the country's hard drive capacity.
According to the Futu Securities APP, Western Digital (WDC.US) has been granted approval to expand its $0.693 billion project in Thailand to increase the country's hard drive capacity. This investment is expected to significantly boost Thailand's economic development, adding 200 billion Thai baht in exports annually and creating 10,000 job opportunities locally. Currently, Western Digital's factory in Thailand employs 28,000 staff, and approximately 80% of global hard drive production capacity is concentrated in Thailand.
Narit Therdsteerasukdi, Secretary-General of the Thailand Board of Investment (BOI), revealed that the subcommittee has approved Western Digital's further investment plans in the Phanom Sarakham Industrial Estate and the 304 Industrial Park in Pathum Thani Province to expand its manufacturing capabilities for hard drives and peripheral devices.
Western Digital is a global technology company founded in 1970 in the United States, specializing in providing data storage solutions and leading the industry in the development and manufacture of hard disk drives (HDD), solid-state drives (SSD), and other storage devices for consumer and enterprise markets. Since establishing its factory in Thailand in 1997, Western Digital has continuously expanded its investment in the local market.
This expansion will also promote local material procurement, including plastics and metal parts for circuit boards and hard drive components. It is estimated that Western Digital will annually purchase approximately 81 billion Thai baht worth of local materials.
Narit stated that BOI has an optimistic outlook on the future development of the hard drive manufacturing industry because storage technology is crucial for the expansion of cloud storage and data center services. Thailand has approved a total of 82.6 billion Thai baht in investment in the hard drive industry over the past decade. Last year, competitors such as Seagate also made expansion investments amounting to as much as 16 billion Thai baht.