Pallidus, an innovative silicon carbide (SiC) wafer semiconductor manufacturer, plans to relocate its corporate headquarters and manufacturing operations to York County. The company’s $443 million investment will create 405 new jobs.
Founded in 2015, Pallidus leverages its proprietary M-SiC technology to increase the quality and lower the cost to produce silicon carbide wafers used in semiconductors. The company’s next-generation technology has garnered traction in the rapidly expanding transportation, green energy and industrial power electronics markets. In addition to addressing the semiconductor shortage, Pallidus is specifically working to advance the innovative and energy efficient sectors of the economy including electric vehicles and mass transit; wind, solar and smart power transmission; and data centers and telecommunications.
Relocating its corporate headquarters from New York to Rock Hill, Pallidus’ York County facility marks its first operations in South Carolina. Located at 1786 and 1800 Overview Drive, the 300,000-square-foot facility will serve as the company’s new corporate headquarters and manufacturing plant. Pallidus’ plans include the growth of its manufacturing capacity to expand the United States’ semiconductor market.
Operations are expected to be online by the third quarter of 2023. Individuals interested in joining the Pallidus team should email resumes to the company.
The Coordinating Council for Economic Development approved job development credits related to the project.
Pallidus Vice President Global Facilities Jerry Knowles stated, “We are thrilled to be partnering with the state of South Carolina, York County and the city of Rock Hill in supporting our new high-volume semiconductor silicon carbide wafer manufacturing plant and corporate headquarters. The decision to select Rock Hill, South Carolina for our next manufacturing facility was the result of extensive research to locate to a community that aligned with our innovative and collaborative spirit, offered an exceptional quality of life for our employees and is easily supported from our research and development facility in New York.”
South Carolina Governor Henry McMaster said, “The arrival of Pallidus is further proof that we have the workforce and pro-business environment in place to attract innovative and cutting-edge companies to South Carolina. This major $443 million investment and the 405 new jobs it will create will help to bolster our economy and create new opportunities for our people. We look forward to Pallidus becoming an integral part of our state’s business community for years to come.”
About S.C. Department of Commerce
As South Carolina’s leading economic development agency, the Department of Commerce works to recruit new businesses and help existing business grow. S.C. Commerce has recruited world-class companies to South Carolina such as BMW, Boeing, Continental, Giti Tire, LPL Financial Holdings, Mercedes-Benz Vans, Samsung, Toray and Volvo Cars and also supports startups, small and existing business, innovation and rural development initiatives. S.C. Commerce partners with the S.C. Technical College System via readySC to support workforce training and recruiting, and with the S.C. Department of Employment and Workforce, which provides worker training and employment opportunities within the state. With a strong international footprint, the Palmetto State has consistently been among the top in the nation for attracting jobs through foreign direct investment on a per capita basis – recognized by multiple economic development publications for its pro-business climate. For more information, visit www.SCcommerce.com.
Media Contact:
Kelly Coakley
Director of Marketing and Communications
South Carolina Department of Commerce
(803) 737-1998
kcoakley@sccommerce.com
www.SCcommerce.com
