# Pragmatic Semiconductor secures £162M Series D for UK expansion

Pragmatic Semiconductor has completed a first close of its Series D funding round, securing £162 million. The investment will enable building third and fourth fabrication lines at its Pragmatic Park facility in Durham, with plans for at least eight lines over five years, creating over 500 jobs.

- Type: Investment
- Announced: 2023-12-08
- Where: Durham, North East England, United Kingdom
- Value: $205.0M (162.0M GBP)
- Jobs: 500
- Status: announced
- Capacity: billions of chips per line
- Products: flexible integrated circuits
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Pragmatic Semiconductor](https://endata.com/companies/61769.md)
- [UK Infrastructure Bank](https://endata.com/companies/61025.md) (investor)
- [M&G Catalyst](https://endata.com/companies/74297.md) (investor)

## Sources

- [machinery-market.co.uk](https://www.machinery-market.co.uk/news/36256/Pragmatic-Semiconductor-to-expand-UK-manufacturing-operations), 2023-12-08: "This successful Series D round is a clear testament to the massive opportunity for our innovative technology"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.