Taiwan-based electronics company Lite-On Technology confirmed that it will build a $900-million-plus headquarters and manufacturing facility in McKinney.
Lite-On’s initial investment into a new facility in the United States was $307 million. That number is enhanced by a $3.5 million grant from the Texas Enterprise Fund and a $100,000 Veteran Created Job Bonus, according to the office of Gov. Greg Aboott. The company is dropping $108 million on 300 and 310 Cypress Drive in the Core5 Logistics Center industrial park in McKinney, according to the Dallas Business Journal. The pair of buildings span upwards of 650,000 square feet.
The buildings are just the beginning. Lite-On plans to invest $919 million in the campus over the years in a move that the city is calling one of the largest private investments in its history. The cash could be used to expand the site in the future and add research and development operations, according to the outlet. The plans also include the addition of around 600 jobs. The hirings will begin once renovations are completed, and are expected to roll out in waves in the years to come.
The company previously applied for tax incentives through the Texas Jobs, Energy, Technology and Innovation program, but was ultimately denied, according to the outlet. Lite-On decided on McKinney anyways.
Lite-On will join California-based United Pacific Industries, who occupy a 280,000-square-foot building at the Core5 Logistics Center. In 2025, the industrial park added two buildings totaling 652,103 square feet, which appear to be the buildings that Lite-On will take over.
Last year’s expansion nearly doubled the size of the park, which had three buildings at upwards of 711,000 square-feet before the expansion. At the time, Josh Barnes, Blake Troiani and Weston Parker from Holt Lunsford Commercial were leading the leasing acquisition for the site, according to the outlet.
— Hunter Cooke
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