McKinney is set to welcome LITEON Technology, a Taiwanese electronics manufacturer, which will establish a significant AI power and infrastructure manufacturing facility. This project, announced by Gov. Greg Abbott, is projected to involve an investment of nearly $919 million and generate more than 600 jobs over its duration.
The initial phase of the project alone will see a capital investment of $307 million and create around 500 jobs. The facility will cover over 650,000 square feet and will serve as LITEON's North American headquarters focused on advanced manufacturing, specifically designing and producing the 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.
LITEON, founded in 1975, has a rich history as a pioneer in LED technology and a leading manufacturer of optoelectronic components. Its shift towards AI-related business has seen significant growth, with projections indicating that AI will account for 40 percent of its revenue this year.
The new facility will be strategically located in North Texas, which has the highest number of planned data centers in the state, allowing LITEON to design and produce necessary power systems locally.
This development marks a major corporate investment for McKinney, enhancing its local economy and providing a substantial anchor employer in the advanced manufacturing sector. Details regarding construction and hiring timelines have yet to be disclosed.
