Delta Electronics Inc., a Taiwan-based multinational that is one of the world’s leading manufacturers of power supplies and electronics fans that are essential to cool computers, smart phones, home appliances and, increasingly, medical devices and electric vehicles, first opened a factory in Bangkok in 1988 and in 1995 listed its local subsidiary on the Stock Exchange of Thailand.

Today, Delta Electronics (Thailand) employs 12,000 people and accounts for $1.6 billion, or about 18 percent, of the group’s $9 billion global revenues. Bangkok is the regional headquarters for all Delta’s operations in Southeast Asia, India and Australasia and the Thailand business oversees research and development hubs in Bangkok, India, the U.S. and Germany. Next year it plans to expand further by opening a third factory in Thailand. “As an investor we really wanted to find a country that can give you confidence for the long term and that is why we chose Thailand,” says Delta Thailand President Jackie Chang. “It is also very good for logistics, such as air and sea freight, and the people can adapt easily to different cultures.”