An electronics firm behind next-generation circuits has revealed plans to create more than 100 jobs in a near £70 million expansion.
PragmatIC Semiconductor is building a factory in Meadowfield, near Durham City.
Bosses say the site, dubbed PragmatIC Park, will deliver around 125 new posts – doubling the company’s existing workforce to about 250 by December – and ramp-up circuit production into the billions.
Work is now underway to fit out the base and install new production equipment, with operations expected to begin next year.
The Meadowfield plant will join PragmatIC’s existing factory on NETPark, in Sedgefield, County Durham, with chief executive Scott White hailing the expansion as a “clear commitment to bring innovative technology, high-value manufacturing and skilled jobs to the North East”.Source: NE Chamber