Updated: Semiconductor Wafer Producer Pallidus Inc. to Move Corporate Headquarters from New York to South Carolina

URLhttps://www.industryweek.com/supply-chain/media-ga
SourceIndustryWeek
Date Published02/13/2023
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Pallidus Inc
Parent companyPallidus Inc
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):405
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2023
Capital investment ($):443
City reshored to:Rock Hill
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsilicon carbide wafers
What domestic positive factors made reshoring more attractive?Eco-system synergies, Infrastructure, Impact on domestic economy, Proximity to customers/market
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