Info
Info
News Article

PragmatIC Semiconductor Secures $80 Million Funding

News

PragmatIC Semiconductor has announced 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.”

Erik Langaker, independent Chair of the Board, added: “This capital raise is a fantastic recognition of the achievements of Scott White, Richard Price and their team. The round has been subscribed by a highly qualified select group of industrial and individual investors with significant experience in the semiconductor industry. Their backing will enable the team to more than double in size over the next 12 months and expand capacity to fulfil the rapidly growing demand for electronics in everyday objects.

PragmatIC's development over the past few years has seen the launch of its flagship ConnectIC® product line of ultra-low-cost RFID FlexICs, as well as its FlexIC Foundry® service enabling innovative designers to create more pioneering products and advance them rapidly from concept to reality. This year it has demonstrated an order-of-magnitude improvement in complexity and compute capability for non-silicon chips by producing flexible microprocessors. These include the iconic 6502 and PlasticArm, an ultra-minimalist Arm® Cortex®-M0 based system-on-a-chip which is 12 times more complex than previous state-of-the-art flexible electronics.

PlasticArm is the result of many years of collaboration between the two companies, a partnership that is set to continue long into the future with semiconductor IP leader Arm participating in this funding round.

“Billions of everyday objects could benefit from being part of the Internet of Things, but to continue to scale sustainably we need to explore new approaches for embedding intelligence into everyday objects,” said Dipesh Patel, chief technology officer at Arm. “Flexible electronics can extend the range and scope of what is possible today and we see massive potential for it to be creatively adopted by the Arm ecosystem, leading to innovation with global impact.”

EV Power Electronics: Driving Semiconductor Demand In A Chip Shortage
Webinar: Next Generation Optical Spectrum Analyzer
Excellent Batch Process Results With Picosun New Generation Tools
Tektronix Releases Results Of Its Global Engineer Survey 2021
SiTime Enables Up To 25% Faster Wireless Charging
Applied Materials Unveils EBeam Metrology System
Xenics Expands Its Bobcat Product Family And Makes SWIR Cameras Affordable.
Sivers Semiconductors’ Japanese Customer Takes Step Towards Mass Production
PragmatIC Semiconductor Re-invents Iconic Processor
Advantest Introduces Evolutionary V93000 EXA Scale SoC Test System
Leybold Launches Small High Vacuum System For R&D
Renault To Create Better Brand Visibility For Qualcomm In EV Market
Picosun Strengthens Its Position In The Semiconductor Market
New OmniControl Universal Control Unit For Pumps And Measurement Instruments From Pfeiffer Vacuum
Pfeiffer Vacuum Presents A Cloud-based Solution For Service Management
Path To Sensors Interoperability - IEEE SA Sensors Series Live Webinar
SEMI Applauds European Chips Act
SkyWater Signs Technology Transfer And License Agreement With Deca
YES Acquires Kanthal’s Semiconductor Equipment Business
Merck Launches Semiconductor Materials Webinar Series
Edwards Opens Lab At Hillsboro Innovation Center
Linton Crystal Technologies Uses AI To Detect Crystal Structure Loss, Notify Operator
Edwards Officially Opens New Flagship Service Technology Centre In Dublin
PragmatIC Semiconductor Secures $80 Million Funding

Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}
Live Event