Pragmatic Semiconductor has opened a major manufacturing facility in Durham as nations scramble to secure chip supply chains.
Pragmatic Park, a 60,000-sqm facility in the North East, opened on Wednesday in a ceremony featuring key customers, ecosystem partners, investors, government officials and British royalty.
The company said the factory would provide 500 new high-skilled jobs in the region over the next five years.
There are a lot of expectations for the Cambridge-headquartered chip manufacturer, which is attempting to position itself as the gold standard for the British semiconductor industry.
With semiconductors named by the government as a critical technology for the UK, Pragmatic’s decision to open what it claims will be the country’s largest chip manufacturing facility by next year in the North of England is a significant statement amid fierce international competition....