LITEON Technology, a Taiwanese electronics manufacturer, is set to build a new facility in McKinney, with an investment of nearly $919 million. This project is expected to create over 600 jobs throughout its duration. The first phase will involve a capital investment of $307 million and will generate approximately 500 jobs.
The new facility will cover more than 650,000 square feet and will serve as LITEON's North American headquarters for advanced manufacturing. It will focus on designing and producing 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 a $100,000 Veteran Created Job Bonus.
Founded in 1975, LITEON has a long history in electronics, initially gaining recognition for its work in LED technology and power management modules. The company's shift towards AI-related products has been significant, with projections indicating that AI will account for 40 percent of its revenue 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 production of necessary power systems.
This investment marks one of the largest corporate commitments in McKinney's history, reinforcing the city's role in advanced manufacturing. Construction and hiring timelines have not yet been disclosed.
McKinney is about 21 miles south of Howe.
