LITEON Technology, a Taiwanese electronics firm, is set to invest approximately $919 million to establish a manufacturing hub focused on AI power and infrastructure in McKinney. This project is expected to generate over 600 jobs throughout its duration. The initial phase will involve a capital investment of $307 million and create around 500 jobs.
The facility will cover over 650,000 square feet and will serve as LITEON's North American headquarters for advanced manufacturing, where it will design and produce essential power systems 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 for veteran-created jobs.
LITEON, established in 1975, has a history of innovation in LED technology and power management. The company is now pivoting towards the growing demand for AI infrastructure, with its AI-related revenue projected to rise significantly this year.
The new McKinney site will be strategically located in North Texas, which has the highest number of planned data centers in the state, allowing for more efficient production of power systems needed by these facilities.
This investment marks one of the largest corporate commitments in McKinney's history, enhancing the local economy's focus on advanced manufacturing. Details regarding construction and hiring timelines have yet to be disclosed.
McKinney is about 30 miles east of Denton.
