Tribune News Service — Taiwanese technology and electronics manufacturing company LITE-ON has chosen McKinney for its new North American manufacturing campus, a $919 million investment expected to create 600 jobs over the project's lifetime, according to the city's announcement.
The facility will support artificial intelligence power and infrastructure-related solutions, according to a statement from Gov. Greg Abbott's office, with an initial $307 million phase expected to create 500 jobs.
McKinney has a growing base of major corporate employers, including Globe Life, Encore Wire and RTX. In a statement, city officials called the LITE-ON project "one of the largest private investments in McKinney's history."
"Texas is where the world invests and innovates," Abbott said. "This major expansion will create hundreds of good-paying jobs in McKinney and further strengthen Texas' leadership in advanced electronics manufacturing, research and development."
The incentives are still under negotiation and require approval from the city and McKinney Economic Development Corporation. Officials will review the final terms later this month, according to MEDC CEO Michael Kowski.
McKinney Independent School District trustees rejected the company's application for a 10-year tax break through a state program at a recent board meeting.
The company considered sites in Washington, Tennessee and Grand Prairie, according to a state filing.
"This is a significant economic development win for McKinney," said Mayor Bill Cox.
The move will "strengthen the company's North American footprint" and support growth driven by the rapid expansion of artificial intelligence infrastructure and energy markets, according to a statement from LITE-ON.
"The strong support from the city of McKinney and the state of Texas made this investment possible, and we are deeply grateful for their partnership," said LITE-ON Chairman Tom Soong.
LITE-ON Inc. is the U.S. subsidiary of LITE-ON Technology Corp., a publicly traded global electronics manufacturer headquartered in Taipei, Taiwan. The company also has a North American presence in California, Utah and an existing footprint in Plano.
LITE-ON is acquiring more than 650,000 square feet of existing industrial space in the Core5 Logistics Center, an industrial park in north McKinney, according to the company.
The company sells power supplies, power management systems, backup battery units, electronic components and other technologies used in servers, artificial intelligence, consumer electronics, telecommunications, cloud infrastructure and more.
The campus plans to support hundreds of jobs in engineering, advanced manufacturing and corporate operations. City leaders said the investment strengthens McKinney's growing base of high-tech employers, adding to the tax base and opportunities for residents.
The jobs will open in phases over several years, according to a press release, as renovations are completed. Construction is expected to finish in 2028, according to the state filing.
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