2 years ago

Pragmatic Secures £182 Million to Expand UK Semiconductor Manufacturing

  • Pragmatic, a UK-based semiconductor company, has raised £182 million in a Series D funding round led by M&G's Catalyst and UK Infrastructure Bank

  • The funding will be used to expand Pragmatic's manufacturing facilities in Durham, creating over 500 jobs in the North East and Cambridge

  • The investment signifies a vote of confidence in British semiconductor manufacturing, with over 70% of the funding coming from domestic investors

  • Pragmatic's flexible integrated circuits are used in various sectors, including healthcare and consumer goods

  • The company plans to build at least eight more manufacturing lines in the UK over the next five years, aiming to deliver hundreds of billions of chips to customers worldwide.

      • ProblemTechnology

      "Traditional semiconductor manufacturing is expensive and inflexible, making it difficult for companies to produce custom chips at scale."

      Solution

      "Pragmatic offers a flexible integrated circuit technology that is thinner than a human hair, enabling the production of custom chips at scale and lower cost."

      Covered on