A New York-based manufacturer is establishing operations in South Carolina.
Pallidus, a 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, according to a news release from the South Carolina Department of Commerce.
Relocating its corporate headquarters from New York to Rock Hill, Pallidus’ York County facility marks its first operations in South Carolina, the release stated. 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.
“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, said Jerry Knowles, vice president of global facilities at Pallidus. “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.”
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, according to the release. 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.
Operations are expected to be online by the third quarter of 2023.
The Coordinating Council for Economic Development approved job development credits related to the project, according to the release.
“Today, we proudly welcome Pallidus to York County. It is exciting to add this innovative manufacturer and their headquarters to York County,” said Christi Cox, York County Council chairperson, in the release. “We applaud their commitment to invest here and add quality jobs in the community. We look forward to a successful long-standing partnership that will add value to this leading-edge technology company. Congratulations to Pallidus.”