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Thailand Approves Western Digital’s Investment Project

Thailand has approved Western Digital’s project to expand the production of hard disks in this country.

Thailand Approves Western Digital's Investment Project

The mentioned project costs 23.5 billion baht ($693 million). Thailand’s Board of Investment (BOI) reported the relevant information on Monday, August 26. In this context, it was also noted that the demand for cloud technologies and data centers is currently growing.

BOI also notes that the implementation of the project will contribute to the positive dynamic of Thailand’s economic system by increasing exports by 200 billion baht per year and creating 10,000 additional jobs.

The Western Digital’s facility currently employs 28,000 people. About 80% of the hard disks in the world are being made at this production site.

In the decade, the total amount of Thailand’s approved investments in the hard disk industry amounted to 82.6 billion baht.

Returning to the BOI statement that there is currently a growing demand for data centers, it is worth noting that the corresponding tendency is largely associated with the so-called artificial intelligence boom. The growing popularity of AI contributes to an increase in the level of demand for data centers. Besides, artificial intelligence has updated the issue of cybersecurity. Scammers also have access to AI, which is why their activities have become more sophisticated. Against this background, the personal awareness of users is extremely important. For example, a query in an Internet search system, such as how to know if my camera is hacked, will allow anyone to get information about signs of unauthorized access to the device.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.