Pragmatic Semiconductor raises $125M Series C for fab expansion

Pragmatic Semiconductor secured $35 million additional investment, bringing its Series C round to $125 million. The funding will be used for a second fabrication line (FlexLogic-002) to increase production capacity by more than 5 times, and a new 15-acre Pragmatic Park site in Durham, England.

“The extra funding will be used to accelerate and expand Pragmatic’s growth plans.”nmi.org.uk

• 3 sources
• nmi.org.ukPragmatic Semiconductor increases Series C funding to $125 million - NMINMIDec 14, 2022
• newelectronics.co.ukNew Electronics - Pragmatic Semiconductor increases Series C funding to $125 million - New ElectronicsNeil TylerDec 14, 2022
• vipress.netPragmatic Semiconductor porte son financement à 125 millions de dollars - VIPress.netFrédéric FassotDec 15, 2022

Summarized from public sources; check the original articles before acting on it.