Gunter is located about 19 miles northwest of McKinney, where a significant investment is set to take place. Governor Greg Abbott revealed that LITEON Technology, a Taiwanese electronics firm, will establish a new manufacturing facility in McKinney focused on artificial intelligence power and infrastructure. The project will involve nearly $919 million in investment and is expected to generate more than 600 jobs throughout its duration.
The initial phase of the project will include a $307 million capital investment and approximately 500 jobs. The facility will cover over 650,000 square feet and will serve as LITEON's North American headquarters for advanced manufacturing, specifically in designing and producing power systems essential for AI data centers.
The state has supported this initiative with a $3.5 million grant from the Texas Enterprise Fund and a $100,000 Veteran Created Job Bonus.
Founded in 1975, LITEON has evolved from its early days as a leader in LED technology to a key player in the AI sector, with its AI-related revenue projected to reach 40 percent this year. The new facility will be strategically located in North Texas, which is experiencing rapid growth in data centers, allowing for more efficient production of the necessary power systems.
