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Taiwan-based Lite-On announces $919M manufacturing facility coming to McKinney

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.”

 
Coming Soon
Crunch Fitness to debut McKinney location at the end of July

Crunch Fitness is opening in west McKinney at the end of the month, a gym representative confirmed.

The gist: The $12 million, 40,000-square-foot facility will feature a wide range of cardio equipment, free weights and weight machines, according to its website. The gym will also include locker rooms with showers, a boxing area and offer group fitness classes.

  • 8551 Eldorado Parkway, McKinney

 
transportation tuesday
Custer Parkway, Golden Triangle Boulevard: See 5 DFW transportation updates

Check out five upcoming and ongoing transportation projects in the Dallas-Fort Worth area.

This list is not comprehensive.

Upcoming projects

1. Laud Howell Parkway extension

Project: Construction will build two lanes of Laud Howell Parkway between Trinity Falls Parkway and Lake Forest Drive. Private development firm Republic Property Group is constructing Lanes 1 and 2 of the roadway, and the city will construct Lanes 3 and 4.

Update: McKinney City Council approved a design contract with LJA Engineering in June, and design is underway. Construction of Lanes 1 and 2 by Republic Property Group is already underway.

  • Timeline: Design is expected to take about 12 months to complete. Construction of Lanes 3 and 4 is expected to begin in 2028.
  • Cost: $18 million
  • Funding source: city of McKinney, Federal Surface Transportation Block Grant funds

 
Neighboring News
Grand Park takes shape: $48.5M first phase looks to fall 2027 completion

Grand Park is moving forward after 20 years of challenges and planning. 

The project is expected to be done in four phases with the first phase expected to be completed in October 2027 after breaking ground in April. 

The details: The first phase is called Civic Park and encompasses 58 acres of the over 1,000-acre park. Civic Park will include an amphitheater, shade structures and restrooms, an orchard, and Arrowhead Pond, which will cover about 3 acres. The other phases include areas called: Adventure Play, Sports Park, Nature Center, and Botanical Garden and Nature Area. Each phase brings with it a distinct personality and adventure, said Shannon Coates, assistant city manager and former director of Frisco Parks and Recreation. Coates was the director of Play Frisco when officials broke ground on the Grand Park project. 

Quote of note: “The return on that investment, not just on the quality of life, but ensuring that we’re a sustainable city for the next 50 to 100 years, is priceless,” former Mayor Jeff Cheney said. 

 

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