LITEON Technology, a Taiwanese electronics manufacturer, is set to invest nearly $919 million in a new facility in McKinney, Texas. This project, announced by Gov. Greg Abbott, is expected to create over 600 jobs throughout its duration. The initial phase of the investment will amount to $307 million and generate about 500 jobs.
The 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 an additional $100,000 Veteran Created Job Bonus.
Founded in 1975, LITEON has evolved from its origins in LED technology to become a key player in the AI sector. Its revenue from AI-related business is projected to rise significantly this year, reflecting the growing demand for power supplies in AI data centers.
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 meet local demand more efficiently.
This investment marks one of the largest corporate commitments in McKinney's history, contributing to the city's rapid economic growth and establishing a significant employer in advanced manufacturing. Construction and hiring schedules have yet to be disclosed.
The investment is part of a broader wave of AI infrastructure manufacturing being built in the United States.
