
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
Discover the backbone of South Carolina’s economy with our coverage of the manufacturing sector. From automotive to aerospace, we report on the industries that drive economic growth and provide jobs across the state. Our news offers insights into manufacturing innovations, market trends, and the impact of global economic forces on local production, highlighting the significance of manufacturing in South Carolina’s economic landscape.

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