Core Insights - Thailand's Board of Investment (BOI) has approved Garmin's investment of 3 billion THB to establish a factory in Chonburi, producing GPS smartwatches and smart GPS navigation devices for vehicles and vessels [1] - This factory will be Garmin's first in ASEAN and is expected to commence production in 2026, with products aimed for local sales and exports [1] - The factory will utilize modern assembly lines and advanced technologies, including sensors for real-time heart rate and blood oxygen level measurement, as well as motion trackers for distance measurement, reinforcing Thailand's position as a manufacturing hub for smart electronic devices in ASEAN [1]