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"Breakthrough technologies like this take time to move from research, to manufacturing, to real‑world impact – and that journey needs long‑term investment."​ ​ We’re launching the next in our investment story series exploring Pragmatic Semiconductor.​ ​ We went to Durham in the north east of England to hear from Richard Price, David Moore, Heather Flint, Helen Ledger, Niranjan Sirdeshpande, Ciaran Mulligan and Rhea Williamson as we go behind the scenes to understand the technology, its applications and how innovation scales.​ ​ This is M&G's integrated business model in action. Partly funded by our Life business’s £70bn PruFund and managed through Asset Management's Catalyst strategy, it’s an example of how long‑term capital can support innovation and real‑world outcomes – putting pension saver money to work.​ ​ Keep an eye out tomorrow when we’ll be launching our spotlight on the Catalyst strategy, featuring Pragmatic Semiconductor as a case study. ​ Capital at risk. Investments can go down as well as up. Figures correct as at 31 March 2026.

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