McKinney is set to welcome LITEON Technology, a Taiwanese electronics manufacturer, which will establish a new facility for AI power and infrastructure. Texas Governor Greg Abbott announced that this project will involve an investment of approximately $919 million and is expected to generate over 600 jobs throughout its duration.
The initial phase will see a capital investment of $307 million and create around 500 jobs. The facility will cover more than 650,000 square feet and will serve as LITEON's North American headquarters, focusing on the design and production of power systems essential for AI data centers.
The state has supported this initiative with a grant from the Texas Enterprise Fund totaling $3.5 million, along with a $100,000 bonus aimed at creating jobs for veterans.
LITEON, established in 1975 and recognized for its pioneering work in LED technology, is now shifting its focus to meet the demands of AI infrastructure. The company’s revenue from AI-related products is projected to rise significantly, reflecting the growing need for efficient power solutions in data centers.
The new facility will be strategically located in North Texas, which is experiencing rapid growth in data center development, thus allowing LITEON to produce necessary power systems locally. This project marks one of the largest corporate investments in McKinney's history, enhancing the local economy and employment landscape. Construction and hiring timelines are yet to be disclosed.
McKinney is about 13 miles north of Plano.
