Pragmatic Semiconductor
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PragmatIC Semiconductor Secures $80 Million Funding
PragmatIC Semiconductor, a world leader in flexible electronics, is proud to announce that it has secured $80 million of Series C funding. This scale-up investment will be used to build a second FlexLogIC fab in the North East of England, to meet the growing demand for ultra-low-cost flexible integrated circuits (FlexICs) for the Internet of Everything, and strengthening the position of the UK in its ambition to be a leading designer and manufacturer of next generation semiconductors.
“This successful Series C round is a testament to the potential for our technology to enable trillions of smart items and address key UN sustainable development goals,” said Scott White, CEO of PragmatIC Semiconductor. “Our FlexLogIC-002 fab will deliver significantly higher capacity than our first line, whilst still maintaining our signature ultra-low capex, fast production cycle time and minimal carbon footprint. In addition to supporting our continued commercial ramp, it provides a template for rolling out a distributed global network of FlexLogIC systems, offering a Fab-as-a-Service (FaaS) for dedicated production on major customer sites to enable efficient and secure semiconductor supply chains.”
Pragmatic Semiconductor secures £182m ($231m)
Pragmatic Semiconductor, the world leader in manufacturing flexible integrated circuits, today announced that it has completed a first close of its Series D funding round, securing an investment of £162m ($206m). M&G’s Catalyst and UK Infrastructure Bank co-led the funding round.
The investment will enable Pragmatic to accelerate its expansion plans in the UK to meet the growing demand for its unique technology from customers worldwide. This includes building its 3rd and 4th fabrication lines at its Pragmatic Park facility in Durham.
Amcor announces strategic investment in PragmatIC Semiconductor
In its continuing efforts to discover and develop innovative technologies for the packaging industry, Amcor (NYSE: AMCR; ASX: AMC) announced today its strategic investment in PragmatIC Semiconductor, a world leader in ultra, low-cost electronics.
Based in the United Kingdom, PragmatIC Semiconductor develops flexible, integrated circuits beyond the scope of conventional electronics. Their ConnectIC® family of radio frequency identification and near-field communications (RFID/NFC) integrated chips can be embedded into packaging to store and relay information to devices such as smartphones. This technology will enable smart packaging applications across the entire product lifecycle – from manufacturing and supply chain management to consumer engagement and even material recovery.