Lite-On's planned factory in McKinney has a builder. The Taiwan-based electronics maker disclosed Friday, Oct. 9, that its U.S. subsidiary, Lite-On Inc., signed a design-build contract with Rogers-O'Brien Construction Company, LLC, for the new plant, with a ceiling of $348 million, according to reports on the filing by Taiwan's Economic Daily News.
That is about NT$11.06 billion. The paper reported that the plant will be built on the company's own land, with the contractor handling construction, and described the signing as the step that moves the project from planning into physical construction.
What is planned
Gov. Greg Abbott announced in July that Lite-On would put its new North American headquarters and an advanced manufacturing facility in McKinney to design and make power and infrastructure products for artificial intelligence.
The governor's office said the first phase is a $307 million capital investment creating 500 jobs, and that the company's total investment is expected to reach $919 million with more than 600 jobs over the life of the project.
The state offered a $3.5 million Texas Enterprise Fund grant and a $100,000 Veteran Created Job Bonus, according to that announcement.
Lite-On's site in McKinney covers more than 650,000 square feet, and the company plans to make high-voltage DC power racks and AI infrastructure equipment there, the Economic Daily News reported. The company's board approved spending up to $110 million in April to buy land and buildings for the U.S. expansion, the paper said.
