Recent Developments

Date Event
November 2025 Appointed Peter Herweck (ex-Schneider, AVEVA, Siemens) as Chair to Board of Directors.
March 2025 FlexIC Platform Gen 3 and NFC Connect product line launched to meet global customer demand.
March 2025 Appointed Steve McCue as CFO. Steve formerly served as CFO at Antalis and held several finance leadership positions at CP Kelco and AVEX Electronics.
July 2024 Appointed Murthy Renduchintala (ex-Intel and Qualcomm) to the Board of Directors.
December 2023 First close of a $231m series D funding round – Europe’s largest ever for a semiconductor company – led by M&G’s Catalyst fund and the UK Infrastructure Bank at a pre-money valuation of ~$405m.
April 2023 Appointed David Moore as CEO. David formerly served as Chief Strategy Officer at Micron and was previously Corporate Vice President at Intel and GM of its global, multi-billion-dollar Programmable Solutions Group.

Pragmatic’s Focus for the Future

  • Delivering a FlexIC product portfolio as an integrated device manufacturer (IDM).
  • Providing manufacturing and services through its FlexIC Foundry, enabling rapid, scalable, and sustainable production.
  • By combining innovation with agility and sustainability, Pragmatic is positioned to navigate the macroeconomic and industry challenges while capturing all the opportunities of a rapidly evolving market.

Pragmatic Timeline