LITEON Technology, a Taiwanese manufacturer, is set to build a significant AI power and infrastructure facility in McKinney, which is approximately 16 miles south of Van Alstyne. Texas Governor Greg Abbott announced that this project will involve nearly $919 million in investment and is expected to generate over 600 jobs throughout its duration.
The initial phase of the project will entail a capital investment of $307 million and create around 500 jobs. The new facility will cover over 650,000 square feet and will serve as LITEON's North American headquarters for advanced manufacturing, focusing on the power systems essential for AI data centers.
The state is supporting the initiative with a grant from the Texas Enterprise Fund amounting to $3.5 million, along with a $100,000 bonus aimed at creating jobs for veterans.
Founded in 1975, LITEON has a rich history in electronics, initially making strides in LED technology and optoelectronic components. The company has shifted its focus towards AI-related products, with projections indicating that this sector will account for 40 percent of its revenue this year.
The establishment of this facility in McKinney aligns with the region's growth as a leading data-center market in the country, allowing for the local design and manufacturing of necessary power systems.
This development marks one of the largest corporate investments in McKinney's history, adding a key employer in advanced manufacturing to the city's rapidly growing economy. Specific timelines for construction and hiring have yet to be revealed.
