LITEON Technology, a Taiwanese electronics manufacturer, is set to establish a significant AI power and infrastructure manufacturing facility in McKinney, which is about 18 miles northeast of The Colony. This project, announced by Gov. Greg Abbott, represents an investment of nearly $919 million and is expected to create over 600 jobs throughout its duration.
The initial phase of the facility involves a capital investment of $307 million and will generate approximately 500 jobs. Spanning more than 650,000 square feet, this facility will serve as LITEON's North American headquarters for advanced manufacturing, focusing on the power systems essential for AI data centers.
The state has supported the 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 evolved from a pioneer in LED technology to a key player in the AI sector, with its AI-related business projected to 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 design and production of necessary power systems close to the market. This investment marks one of the largest corporate commitments in McKinney's history, enhancing the local economy's growth trajectory.
