A Taiwanese manufacturing heavyweight is quietly sizing up McKinney for a major North American move, according to public filings. The proposal, filed under the code name Project Plum Blossom, would turn two Class A shell buildings at the Core5 Logistics Center into a U.S. headquarters and a large manufacturing and R&D campus with an investment of at least $300 million and roughly 500 permanent jobs. The paperwork describes production of rack-level power supplies, backup battery units and integrated power-management systems for data centers and AI servers. Negotiations with local and state economic development officials are ongoing, and so far no construction permits have been pulled and no public announcements have been made.
As reported by the Dallas Business Journal, the applicant is identified as LITE-ON Technology Corporation, a Taipei-headquartered electronics maker. Local reporting says the company is seeking more than $13 million in combined tax incentives. That coverage followed the release of documents filed with state and local economic development staff. The company has not publicly commented on the proposal.
What The Filings Show
Documents filed with the Texas Comptroller's Jobs, Energy, Technology and Innovation (JETI) program show the project boundary covers two Core5 buildings addressed as 300 and 310 Cypress Hill Drive and that Lite-On would purchase and retrofit Buildings D and E. The application details manufacturing and assembly of rack-level power systems, battery backup units and power-distribution and control equipment and labels the site as the company's prospective North American headquarters. The JETI paperwork estimates the total capital investment at "at least $300 million" and lists roughly 500 permanent jobs tied to the operation, according to the Texas Comptroller.
Incentives On The Table
Local reporting says the company is seeking more than $13 million in combined state and local tax breaks as part of its pitch to land in McKinney. As the Dallas Business Journal noted, the request includes benefits through the state JETI program along with local incentive proposals that remain under negotiation with McKinney officials.
Why McKinney?
Developers have been rolling out large, power-ready industrial shells in this part of Collin County to lure electronics and data-center supply chains. Core5 lists multi-hundred-thousand-square-foot buildings that match the scale described in the project filings. The region has also seen other big industrial investment, including a recent multiyear expansion at the Encore Wire/Prysmian campus, which highlights why manufacturers that need heavy electrical capacity and strong distribution access are eyeing sites north of Dallas, according to Prysmian.
Approvals And Next Steps
State filings show the McKinney Economic Development Corporation issued a February incentive proposal that, in preliminary estimates, could total up to about $8.74 million and include job, capital-investment and R&D credits along with a Chapter 380 property-tax rebate. The city has also agreed to pursue creation of a Tax Increment Reinvestment Zone and to nominate the project for a Texas Enterprise Zone designation. The JETI application cautions that "no public announcements have been made and no construction permits have been obtained" and notes that a final location decision has not yet been made, according to the Texas Comptroller.
