McKinney is set to welcome LITEON Technology, a Taiwanese electronics manufacturer, which will establish a new AI power and infrastructure manufacturing facility. The project, announced by Gov. Greg Abbott, involves an investment of nearly $919 million and is expected to create more than 600 jobs throughout its duration.
The initial phase of the project will see a capital investment of $307 million, generating approximately 500 jobs. The facility will cover over 650,000 square feet and will serve as LITEON's North American headquarters, focusing on the manufacturing and design of power systems essential for AI data centers.
The state has supported this initiative with a $3.5 million grant from the Texas Enterprise Fund and an additional $100,000 Veteran Created Job Bonus.
Founded in 1975, LITEON has a long history in the electronics industry, initially gaining recognition for its LED technology and power management components. The company is now pivoting towards AI, with its AI-related revenue expected to rise significantly this year.
The McKinney facility will be strategically located in North Texas, which has the highest number of planned data centers in the state, allowing for efficient local production of necessary power systems.
This investment marks one of the largest corporate endeavors in McKinney's history, reinforcing the city's position as a hub for advanced manufacturing. Construction and hiring timelines are yet to be announced.
