The British chipmaker quietly building a global challenger in county Durham

The British chipmaker quietly building a global challenger in county Durham

Backed by the National Wealth Fund, the British Business Bank and M&G, Pragmatic Semiconductor is using a modular, low-capital model to scale flexible chip production at a pace Asia and the US would struggle to match. On the Meadowfield industrial estate outside Durham, a 55,000 sq ft warehouse that spent a decade gathering dust, and the droppings of nesting seagulls, has been transformed into one of the more intriguing bets in British manufactu…