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Lite-On Technology Corp., a global manufacturing company that specializes in semiconductor components is building a manufacturing facility in McKinney.
The big picture: The company selected McKinney for a new advanced manufacturing facility in North America, according to a news release from McKinney Economic Development Corp. The $919 million project is expected to create at least 600 jobs over the next several years, making it one of the largest private investments in McKinney history, the news release states.
Lite-On is spending $108.5 million to acquire existing industrial space at the Core5 Logistics Center in McKinney, according to a news release from Lite-On. The investment will “further strengthen” the company’s North American presence, the news release states.
Quote of note: “McKinney is a community that shares our values of hard work, innovation, and opportunity, and we are honored to be part of its future,” Lite-On Chairman Tom Soong said in a statement. “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.”
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