KAOHSIUNG, TAIWAN -- Lite-On Technology reportedly has signed a deal with the Taiwan government to invest more than $300 million toward a new factory here for automotive electronics production.

The EMS company will locate in the Nantze Export Processing Zone (EPZ), located in southern Taiwan. Construction is scheduled to begin in January 2017 and run through 2019.

The firm will spend an estimated estimated $315 million on the campus, which will employ 1,000 workers and is expected to add revenues of $700 million a year.

Lite-On has another factory in the Nantze EPZ. It's unclear whether that site will remain open following the ramp of the new campus.

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