Lake Forest-based Western Digital Corp. is seeking government incentives in Thailand to invest $940 million in the country in the next eight years, the state Board of Investment said, according to Reuters.
The plan could call for a new plant to produce disk drives and parts in a central part of the country, the report said.
The plant could produce an estimated $4 billion annually. Western Digital already makes drives and parts at a pair of Thai plants.
The company also has a plant in neighboring Malaysia.
The Thai board did not say what incentives the company had applied for. The government typically offers tax breaks and lower tariffs on imported machinery.
Western Digital has seen robust sales growth this year. Sales rose 15% to $1.1 billion during the quarter from a year earlier.
Analysts were expecting $1.08 billion in revenue.
There are growing concerns that demand could be cooling, landing Western Digital a recent downgrade.
