Catalyst fund invests £47 million in Pragmatic Semiconductor
1 report, 1 independent
Updated Sun 00:00
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What happened
Catalyst fund invested more than £47 million into Pragmatic Semiconductor. During this time, Andrea Rossi visited an industrial park on the outskirts of Durham. Pragmatic Semiconductor was founded in Cambridge in 2010 and previously raised over £180 million in capital.
From dailymail.com
Why it matters
Rossi views the investment as evidence of growth potential within the UK economy. He also stated that £2 trillion is currently held in UK bank accounts earning low returns, suggesting capital could be used to better support the economy.
From dailymail.com