Taiwan-based electronics manufacturer LITEON will establish its North American headquarters and an advanced manufacturing facility in McKinney, bringing a planned $919 million investment and creating more than 600 jobs over the life of the project, Gov. Greg Abbott announced Monday.
The project’s initial phase includes a $307 million capital investment and the creation of 500 jobs. To support the expansion, the state awarded LITEON a $3.5 million grant through the Texas Enterprise Fund, along with a $100,000 Veteran Created Job Bonus.
AI Manufacturing Expansion
The new facility will focus on designing and manufacturing artificial intelligence power and infrastructure-related solutions, further expanding Texas’ growing advanced manufacturing and technology sectors.
“Texas is where the world invests and innovates,” Abbott said in a statement. “We congratulate LITEON on choosing Texas as home for their new North American headquarters for its advanced manufacturing facility. This major expansion will create hundreds of good-paying jobs in McKinney and further strengthen Texas’ leadership in advanced electronics manufacturing, research, and development.”…