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4d ago

LITEON Will Place North American HQ and AI Power Factory in McKinney With $919 Million Plan

Texas secured the deal with performance-based incentives as state and local leaders say the project will expand North Texas’s capacity for AI hardware and data-center components.

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Overview

  • The announcement says LITEON plans a $919 million project in McKinney that includes an initial $307 million phase expected to create 500 jobs and a life-of-project projection of more than 600 jobs.
  • The new site will house LITEON’s North American headquarters and will design and manufacture AI power systems and infrastructure components used in data centers and AI hardware.
  • The state offered a $3.5 million Texas Enterprise Fund grant plus a $100,000 Veteran Created Job Bonus, with those awards tied to the company meeting job and investment commitments.
  • City and state officials praised the move as a boost to McKinney’s advanced manufacturing base and local job opportunities, while the announcement did not include a public construction start date or a detailed timeline.
  • The deal adds to a wider wave of semiconductor and AI-related manufacturing investments in North Texas and could draw suppliers, skilled workers, and further R&D activity to the region.