Collaborations with the Thai IoT Association and the Thai Embedded Systems Association support IoT, embedded systems, and industrial innovation in Thailand
BANGKOK, THAILAND - Media OutReach Newswire - 28 July 2026 - Arrow Electronics, a global provider of technology solutions, today announced the signing of memoranda of understanding (MoUs) with the Thai IoT Association (TIoTA) and the Thai Embedded Systems Association (TESA) to support technology innovation and the continued development of Thailand's electronics ecosystem.
Arrow Electronics Signs MoUs to Help Advance Technology Innovation in Thailand's Electronics Industry
The collaborations establish a framework for Arrow, TIoTA, and TESA to work together on initiatives that promote the adoption of advanced technologies, including artificial intelligence (AI), Internet of Things (IoT), embedded systems, and industrial digitalization. Planned activities include technical seminars, engineering workshops, and industry engagement programs designed to strengthen engineering capabilities, foster knowledge sharing, and accelerate innovation across Thailand's electronics sector.
"Innovation today requires more than access to technology—it relies on the expertise to integrate it and bring solutions to market efficiently," said Dr. Raphael Salmi, president of Arrow Electronics' semiconductor business for South Asia, Korea, and Japan. "By working with TIoTA and TESA, we aim to help engineers and technology companies overcome complexity, strengthen their engineering and supply chain capabilities, and access the resources needed to move ideas from concept to commercialization. Together, we can help accelerate technology adoption and foster innovation across Thailand's electronics sector."
A leading industry organization, the TIoTA serves as a platform for collaboration among technology providers, industry participants, and academic partners, helping advance the adoption of IoT and digital technologies across Thailand.
"Thailand's IoT ecosystem continues to create new opportunities for digital innovation across industries," said Dr. Suthat Krongchon, president of TIoTA. "Arrow's technology portfolio, engineering resources, and global industry experience can contribute valuable capabilities to our network. Working alongside Arrow, we hope to foster technology adoption, innovation, and long-term industry competitiveness."
"The advancement of embedded systems and intelligent technologies relies on strong collaboration across the industry," said Associate Professor Wiroon Sriborrirux, president of TESA. "Arrow brings expertise in components, engineering, and supply chain services. Through this collaboration, we aim to connect Thailand's engineering and technology community with advanced technologies and practical development resources that support talent development, facilitate knowledge sharing, and strengthen collaboration across the ecosystem."
The MoUs reflect the organizations' shared commitment to strengthening engineering capabilities, accelerating technology adoption, and supporting collaboration across Thailand's technology ecosystem.
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About Arrow Electronics
Arrow Electronics (NYSE:ARW) sources and engineers technology solutions for thousands of leading manufacturers and service providers. With 2025 sales of $31 billion, Arrow's portfolio enables technology across major industries and markets. Learn more at arrow.com.
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HONG KONG SAR – Media OutReach Newswire – 7 October 2026 – Hong Kong has again been rated as the world's freest economy, according to the Economic Freedom of the World 2026 Annual Report, published on October 6 by the Canada-based Fraser Institute. Hong Kong remained top among 165 jurisdictions worldwide with Switzerland in second place.
The Hong Kong Special Administrative Region (HKSAR) Government welcomed the latest report, noting that, among the five areas of assessment, the city continued to be ranked first globally in "Freedom to trade internationally" and second in "Regulation".
Hong Kong retains leading position as the world’s freest economy
"The Fraser Institute's report once again affirms Hong Kong's strengths as a free-market economy and its open, efficient and fair business environment," a spokesman for the HKSAR Government said. "Amid increasing global economic uncertainties and rising trade protectionism, Hong Kong remains firmly committed to maintaining its free port status, zero-tariff policy, and simple and low tax regime, providing a secure, stable, fair, predictable and internationalised business and investment environment for investors and entrepreneurs from around the world."
"One country, two systems" advantages
The HKSAR Government highlighted that, under the "one country, two systems" framework, Hong Kong enjoys the strong support of the Chinese Mainland and maintains close connections with the rest of the world.
"While offering convenient access to both the Chinese Mainland and international markets, Hong Kong continues to practise common law in both Chinese and English," the spokesman said. "It also offers financial, shipping, trading and professional services that align seamlessly with international best standards, supported by an efficient government structure and a clean and professional civil service."
These strengths enable Hong Kong to fully leverage its roles and functions as a 'super connector' and 'super value-adder', making it the best gateway for Mainland enterprises to enter international markets and for overseas enterprises to enter the Mainland.
Attracting investment and talent
So far this year, Hong Kong has continued to scale new heights in various international competitiveness rankings covering finance, innovation and technology (I&T), education and talent, reflecting wide recognition by the international community of Hong Kong's core strengths and the HKSAR Government's efforts to promote high-quality social and economic development.
Indeed, Hong Kong's favourable business and living environment, coupled with the proactive and concerted efforts of the HKSAR Government and all sectors of the community, continues to attract enterprises and talent from around the world.
Last year, the number of companies in Hong Kong with parent companies overseas or in the Mainland exceeded 11,000, an increase of 11 per cent over 2024 and a record high.
The Office for Attracting Strategic Enterprises (OASES), established by the HKSAR Government in 2022, has successfully attracted over 120 strategic enterprises to date, including many global industry leaders with a market capitalisation or valuation exceeding $100 billion and possessing cutting-edge technologies.
On talent attraction, from end-2022 to August this year, over 670,000 applications were received and over 470,000 were approved under various talent admission schemes, with more than 310,000 individuals having arrived in Hong Kong.
Over the past year, Hong Kong recorded considerable growth in funds raised through initial public offerings, bank deposits and assets under management in the asset and wealth management business, reflecting international investors' confidence in and recognition of Hong Kong.
Looking ahead
Last month, the HKSAR's Chief Executive, John Lee, announced the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) (Hong Kong's First Five-Year Plan) and the 2026 Policy Address.
Hong Kong's First Five-Year Plan states that Hong Kong will remain committed to a free and open economic system and the free flow of capital, goods, people and information, all of which are Hong Kong's core strengths under the "one country, two systems" framework.
"These efforts will inject stronger impetus into social and economic development, open up broader development prospects for local enterprises and the public, and provide greater opportunities for enterprises, investors and talent worldwide," the spokesman said.
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