Hyve Solutions Selects Nevada for Advanced Manufacturing Campuses in Reno and North Las Vegas

Rhea-AI Summary

Hyve Solutions, a subsidiary of TD SYNNEX (NYSE: SNX), has selected Nevada for two new advanced manufacturing campuses in Reno and North Las Vegas, expected to create approximately 3,000 jobs as it expands U.S. production of AI, cloud and digital infrastructure hardware.

The Reno site will be Hyve’s flagship Nevada campus, occupying about 624,000 square feet of advanced manufacturing space, complemented by an additional facility in North Las Vegas. Open roles include production, engineering, quality, supply chain, warehouse and operations, with wages above Nevada’s statewide average of $32.86 plus medical, vision and dental benefits. Nevada offers performance-based tax abatements to qualifying companies based on measurable economic impact.

Positive

• Two new Nevada campuses expanding U.S. manufacturing footprint for AI and cloud hardware
• Approximately 3,000 new jobs expected across Reno and North Las Vegas campuses
• Reno flagship facility with roughly 624,000 square feet of advanced manufacturing space
• Wages above Nevada’s statewide average of $32.86 plus medical, vision and dental benefits
• Eligibility for performance-based tax abatements tied to measurable economic impact in Nevada

Negative

• None.

News Explained

The expansion is hiring-stage, while Nevada support is conditional tax relief rather than upfront cash.

Hyve Solutions has selected Reno and North Las Vegas for two campuses and is actively recruiting as it ramps hiring, placing the expansion at the site-selection and workforce-buildout stage.

The release adds that Nevada offers no upfront cash incentives; any support described is instead performance-based tax abatements available to qualifying companies and tied to measurable economic impact.

The named checkpoint is GOED Board review, for which site selection, workforce analysis and infrastructure discussions were prepared.

Argus Aug 20 session 7 alerts

-0.41% close to close 1.8x rel. volume Open Argus

Details

News Market Reaction – SNX

$19.92B Market Cap

On Aug 20, the first trading day after this news, SNX closed 0.41% below the previous close. Our momentum scanner recorded 7 alerts in the available session data. Relative volume reached 1.8x the daily average during tracking.

Data tracked by StockTitan Argus for the Aug 20 session.

Key Figures

New jobs: approximately 3,000 jobs Reno manufacturing space: roughly 624,000 square feet Statewide average wage: $32.86

New jobs

approximately 3,000 jobs

Two Nevada manufacturing campuses

Reno manufacturing space

roughly 624,000 square feet

Flagship Reno campus

Statewide average wage

$32.86

Nevada statewide average; campus wages stated as above this level

Historical Context

5 past events · Latest: Aug 11

5 events

1. Aug 11

   IBM distribution expansion

   24h Move

   +0.0%

   Expanded IBM distribution footprint into 20 new countries worldwide.

2. Aug 05

   Workplace certification

   24h Move

   -0.3%

   Received fifth consecutive Great Place to Work Certification for 2026.

3. Jul 20

   Employer recognition

   24h Move

   -1.7%

   Was included in Forbes' America's Dream Employers 2026 ranking.

4. Jul 15

   Fortinet distribution selection

   24h Move

   -1.1%

   Was selected as a global distributor for Fortinet opportunities.

5. Jul 09

   Employer ranking

   24h Move

   +1.9%

   Was named to TIME America's Best Companies 2026 list.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

performance-based tax abatements

1 terms

performance-based tax abatements regulatory

"qualifying companies may receive performance-based tax abatements tied to measurable economic impact"

Tax reductions or exemptions granted by a government only if a company meets specific, measurable goals such as hiring targets, capital investment levels, production volumes, or revenue milestones. They work like a conditional discount: a business gets lower taxes for a period if it hits agreed benchmarks, but the benefit can be reduced or revoked if it fails to perform. For investors, these abatements change a project’s expected cash flow and risk profile because they boost after-tax returns when conditions are met and can be clawed back if not.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CARSON CITY, Nev., Aug. 19, 2026 /PRNewswire/ -- Hyve Solutions Corporation, a U.S.-based design and manufacturing partner for compute, storage, and networking systems in AI, cloud and digital infrastructure, and a wholly owned subsidiary of TD SYNNEX Corporation, has selected Nevada for two new advanced manufacturing campuses, one in Reno and one in North Las Vegas. Together, the campuses are expected to create approximately 3,000 new jobs as the company builds its manufacturing footprint in the state. Governor Joe Lombardo joined the Governor's Office of Economic Development (GOED) along with Northern NV Now (formerly known as EDAWN) and the Las Vegas Global Economic Alliance (LVGEA) to mark the announcement.

The Reno location will serve as Hyve's flagship campus in the state, occupying roughly 624,000 square feet of advanced manufacturing space, paired with an additional Hyve facility in North Las Vegas, extending the company's footprint into Southern Nevada. Open roles will span production, engineering, quality, supply chain, warehouse and operations positions, offering both hourly and salaried opportunities across permanent, trade and contingent roles.

Compensation includes wages above Nevada's statewide average of $32.86, along with medical, vision and dental benefits, and room to grow into new roles as the campuses ramp up. Hyve is actively recruiting for these positions and ramping hiring as quickly as possible, drawing on Nevada's workforce and university talent to fill key roles across both campuses.

The decision reflects the growth of Nevada's technology ecosystem, which has expanded steadily across the state in recent years. Hyve extends that base into the manufacturing of the hardware behind AI, cloud and digital infrastructure, positioning Nevada as a hub for next-generation AI hardware and complementing existing investments in semiconductors, batteries, and cloud infrastructure.

"Companies are choosing Nevada because we've lowered taxes, cut red tape, and built a business-friendly climate that rewards investment instead of burdening it with unnecessary bureaucracy," said Governor Joe Lombardo. "This investment will bring approximately 3,000 good-paying jobs to Nevadans and further solidify our state as a destination for advanced manufacturing and AI innovation. I want to thank Hyve Solutions for investing in Nevada and helping create new opportunities that will allow hardworking Nevadans and their families to build brighter futures right here at home."

"Nevada gives us the space, the workforce and the business climate to grow our manufacturing capability at the scale our customers need," said Jerry Kagele, President of Hyve Solutions. "Expanding our advanced manufacturing capacity lets us create more jobs in the U.S., and we're proud to be creating good, long-term careers as we do it."

"Hyve Solutions' investment in our region reflects the work our team does every day to diversify our economy and create high-paying jobs that contribute to a higher quality of life in our community," said Taylor Adams, President and CEO of Northern NV Now. "This project came together through real partnership, and we thank GOED, LVGEA, and our local and regional stakeholders for helping bring Hyve's flagship campus to Reno."

"Hyve Solutions' decision to establish a major advanced manufacturing campus in North Las Vegas is a significant win for Southern Nevada and a powerful example of the innovative companies choosing to invest in our region," said Danielle Casey, President & CEO of the LVGEA. "This project brings high-quality jobs, strengthens Nevada's advanced manufacturing and AI ecosystem, and reinforces our position as a destination for companies driving the technologies of the future. We are proud to have partnered with GOED, Northern NV Now, and our local and regional stakeholders to help bring this investment to Nevada, and we look forward to supporting Hyve's continued growth and long-term success in our community."

"We're excited to welcome Hyve to Nevada," said GOED Executive Director Tom Burns. "Hyve's decision to invest in both Northern and Southern Nevada reflects the confidence companies have in our workforce, business climate and long-term commitment to economic growth. Creating approximately 3,000 new jobs is a significant investment to our state's future and strengthens our position as a leader in advanced manufacturing and technology."

Northern NV Now represented the Reno project, and LVGEA represented the North Las Vegas project through the state approval process, coordinating site selection, workforce analysis, and infrastructure discussions in preparation for GOED Board review. Northern NV Now and LVGEA also thank Cushman & Wakefield for leading the charge on the broker side to land this project in Nevada. Nevada does not offer upfront cash incentives; instead, qualifying companies may receive performance-based tax abatements tied to measurable economic impact.

As demand for AI infrastructure continues to grow, Hyve's decision to manufacture in Nevada connects the state to the hardware powering that expansion, along with the skilled jobs and workforce opportunities that come with it.

About Northern NV Now: Formerly known as EDAWN, Northern NV Now is a 501(c)6 non-profit organization established in 1983 funded primarily by private investors with support from public partners, committed to supporting, growing, and maintaining a vibrant and sustainable economy in Northern Nevada.  For more information, visit: www.northernnvnow.com.

About LVGEA: The Las Vegas Global Economic Alliance (LVGEA) is a public-private partnership dedicated to connecting and championing Southern Nevada's economic future through intentional business attraction, expansion, and regional connectivity. Rooted in the region's world-class hospitality and powered by innovation, Southern Nevada continues to position itself as a global leader in reinvention and opportunity for all. LVGEA has been designated as one of eight Regional Development Authorities (RDA) in Nevada by the Governor's Office of Economic Development (GOED) for 2026–2027. To learn more, visit www.lvgea.org.

About GOED: Created during the 2011 session of the Nevada Legislature, the Governor's Office of Economic Development is the result of a collaborative effort between the Nevada Legislature and the Governor's Office to restructure economic development in the state. GOED's role is to promote a robust, diversified and prosperous economy in Nevada, to stimulate business expansion and retention, encourage entrepreneurial enterprise, attract new businesses and facilitate community development.

About Hyve Solutions: Hyve Solutions transforms complex engineering challenges into production reality for technology innovators building AI, cloud, and connected infrastructure. As a US-based design and manufacturing partner, the company rapidly delivers fast, agile execution through deep technical partnerships and co-innovation, and supply chain clarity. Hyve's integrated ODM, CM, and SI capabilities eliminate vendor complexity while accelerating time-to-market with single-partner accountability from design through scale. The company co-innovates with deep engineering expertise, treating customer success as its own while building tomorrow's digital infrastructure. Hyve Solutions is a wholly owned subsidiary of TD SYNNEX Corporation (NYSE: SNX). For more information, visit hyvesolutions.com, email sales@hyvesolutions.com, or call (855) 869-6973.

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SOURCE The Las Vegas Global Economic Alliance

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Hyve Solutions announce about new manufacturing campuses in Nevada for TD SYNNEX (SNX)?

Hyve Solutions announced two new advanced manufacturing campuses in Reno and North Las Vegas, Nevada. According to Hyve Solutions, these facilities will support production of compute, storage and networking systems for AI, cloud and digital infrastructure while expanding its U.S. manufacturing footprint.

How many jobs will Hyve Solutions’ new Nevada campuses create for TD SYNNEX (SNX) operations?

Hyve Solutions expects the Reno and North Las Vegas campuses to create approximately 3,000 new jobs in Nevada. According to Hyve Solutions, roles span production, engineering, quality, supply chain, warehouse and operations, including hourly and salaried positions across permanent, trade and contingent opportunities.

Where will Hyve Solutions’ flagship Nevada manufacturing facility be located and how large is it?

Hyve Solutions’ flagship Nevada manufacturing facility will be located in Reno. According to Hyve Solutions, the Reno campus will occupy roughly 624,000 square feet of advanced manufacturing space, supported by an additional facility in North Las Vegas to extend the company’s presence in Southern Nevada.

What pay and benefits will jobs at Hyve Solutions’ Nevada campuses offer?

Jobs at Hyve Solutions’ Nevada campuses will offer wages above the statewide average of $32.86. According to Hyve Solutions, positions also include medical, vision and dental benefits, with opportunities for growth into new roles as the campuses ramp up operations over time.

What types of roles is Hyve Solutions hiring for at its Reno and North Las Vegas campuses?

Hyve Solutions is hiring for production, engineering, quality, supply chain, warehouse and operations roles at both campuses. According to Hyve Solutions, open positions include hourly and salaried jobs, covering permanent, trade and contingent roles, with active recruiting underway in Nevada.

Are there tax incentives tied to Hyve Solutions’ investment in Nevada for TD SYNNEX (SNX)?

Nevada does not offer upfront cash incentives but may grant performance-based tax abatements. According to state economic development authorities, qualifying companies such as Hyve Solutions can receive abatements that are tied to measurable economic impact, including job creation and investment in advanced manufacturing.

How do Hyve Solutions’ Nevada campuses relate to growing demand for AI infrastructure?

Hyve Solutions’ Nevada campuses will manufacture hardware that supports growing AI infrastructure demand. According to Hyve Solutions, producing compute, storage and networking systems in Reno and North Las Vegas connects Nevada directly to AI, cloud and digital infrastructure growth and associated skilled workforce opportunities.