UK chipmaker Pragmatic Semiconductor secures record £182m in government and private funding

UK's strategies on semiconductors and batteries become clearer

John Leonard
clock • 3 min read
UK chipmaker Pragmatic Semiconductor secures record £182m in government and private funding
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UK chipmaker Pragmatic Semiconductor secures record £182m in government and private funding

Cambridge-based Pragmatic Semiconductor has raised £182 million in a funding round led by the UK Infrastructure Bank and private equity firm M&G Investments.

The record investment aims to expand Pragmatic's production capacity in north-east England to meet rising demand. The equity deal, the largest ever for a European semiconductor company, values P...

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