
Pallidus Inc. Faces Major Layoffs and Expansion Cancellations
News Summary Pallidus Inc., a semiconductor startup in Albany, has laid off 37 employees, marking a 44% reduction in its workforce due to challenges in
South Carolina’s manufacturing sector drives economic growth and innovation, providing opportunities for local businesses and skilled workers. With a diverse range of industries, from automotive to aerospace, the state’s commitment to advanced manufacturing is reshaping its landscape. Learn about the latest trends, key developments, and success stories that highlight the strength and resilience of South Carolina’s manufacturing community.
News Summary Pallidus Inc., a semiconductor startup in Albany, has laid off 37 employees, marking a 44% reduction in its workforce due to challenges in
News Summary The timber industry in South Carolina is experiencing significant challenges, with recent mill closures and a marked decline in timber prices. Local families,
News Summary South Carolina and Canada have reached a historic trade milestone, with investments hitting $5 billion, the highest in a decade. This partnership has
News Summary The South Carolina Manufacturers Alliance has unveiled a strategic vision for the state’s manufacturing sector by 2025. This initiative aims to foster innovation,
News Summary Michelin North America, Inc. celebrates its 50-year anniversary in Greenville, South Carolina, showcasing significant economic impact and announcing new leadership with Matthew Cabe
News Summary Eaton has announced a significant $340 million investment to establish a new manufacturing facility for three-phase transformers in Jonesville, South Carolina. This expansion
News Summary South Carolina’s export sales have surged to a record $38 billion in 2024, marking a significant economic milestone. Announced by Governor Henry McMaster,
News Summary Provalus, an IT outsourcing firm, is set to invest $6.48 million in Edenton, North Carolina, creating 61 new jobs. The company will refurbish
News Summary North Carolina has been named the second-best state for business in 2024 by Site Selection magazine, coming in just behind Georgia. Raleigh has
News Summary South Carolina’s economic future is at risk due to a lack of sustainable technologies, potentially endangering $101 billion in economic activity. A recent
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