Lite-On invests $919M in McKinney

Taiwan-based electronics manufacturer Lite-On Technology Technology Corp. (TWSE: 2301) announced plans to establish its North American headquarters and an advanced manufacturing facility in United States — McKinney, Texas. The $919 million investment is expected to create over 600 jobs over the project's life, with an initial phase of $307 million and 500 jobs. The facility, located at the Core5 Logistics Center, will focus on designing and manufacturing AI power and infrastructure solutions. The State of United States — Texas awarded Lite-On Technology a $3.5 million grant from the United States — Texas Enterprise Fund and a $100,000 Veteran Created Job Bonus. The project was supported by the City of McKinney, the United States — McKinney Economic Development Corporation, and site-selection firm Jetton Solutions. Lite-On Technology Chairman Tom Soong called the expansion a historic milestone. Local officials including Governor Greg Abbott, Mayor Bill Cox, and state representatives praised the investment as a major win for the region's advanced manufacturing sector. Lite-On Technology expects to begin hiring as renovations are completed, with positions opening in phases over several years.