Pragmatic Semiconductor

Pragmatic Semiconductor has officially opened a cutting-edge microchip factory at Pragmatic Park in Meadowfield, Durham. The company plans to create 500 jobs at Durham and Cambridge over the next few years.

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.

Pragmatic Semiconductor has raised £28.2m ($35m) in an oversubscribed Series C funding round, bringing the total to £100.8m ($125m), to accelerate plans for a new 175,000 sqft factory in County Durham, UK, creating 125 jobs.

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.

PragmatIC Semiconductor is building a new factory in Meadowfield, near Durham City, as part of a nearly £70 million expansion. The site will create about 125 new jobs, doubling the workforce to around 250 by December, and is expected to begin operations in 2023.

Pragmatic Semiconductor announced plans for Pragmatic Park in Durham, UK, a new site for its second FlexLogic fabrication line producing flexible integrated circuits. The facility will ramp production capacity to billions of circuits and includes space for at least four additional fabs.