Dive Brief:
- Taiwan-based Lite-On Technology will spend up to $919 million to establish a manufacturing and research and development campus in McKinney, Texas, Gov. Greg Abbott announced Monday.
- The site will manufacture electronics components such as power management systems to supply Lite-On’s clients in the artificial intelligence infrastructure and energy markets, according to the press release.
- The campus is expected to create more than 600 jobs and Lite-On anticipates the site to be fully operational by 2030, according to the company’s application to the Texas Comptroller of Public Accounts.
Dive Insight:
The investment includes $108.5 million to acquire two existing buildings in the Core5 Logistics Center, a new industrial park in McKinney. The buildings, which span more than 650,000 square feet combined, were completed in the first quarter of 2023, according to real estate investment firm Colliers.
The industrial site is strategically located near Interstate 75 and Highway 380 as well as Dallas Love Field and Dallas-Fort Worth International Airports and the Port of Shreveport, according to LoopNet.
The location will enable Lite-On to receive materials via air or ground freight and send finished goods to its OEM clients, cloud service providers and other customers across the United States, according to the comptroller application…