A British company building a revolutionary new microchip will double its output by building a $150 million factory in Abu Dhabi with the assistance of the Mubadala sovereign wealth fund, The National can disclose.
The potential for Paragraf’s new graphene chips to boost people’s lives varies from being able to diagnose a heart attack a week in advance to keeping satellites in space beyond their current life cycles.
That could help propel the company to become the equivalent of giant semiconductor maker TSMC, which generates 18 per cent of Taiwan’s GDP, said Simon Thomas, Paragraf’s founder.
“I have a high bar to hit, but that's where we're going and what we're aiming for,” he told The National, speaking at Paragraf's headquarters in Cambridgeshire, in the UK.
Talent, energy and taxes
Graphene's uses as a semiconductor are immense and proven but the proposal needs the right financial backing to take off.
In Mubadala, Dr Thomas not only has sound investment but also access to the fund’s vast business knowledge and contacts, with the new plant to be built in Kezad Business District, Abu Dhabi, expected to double Paragraf’s microchip output in two years.
As well as the funding, a pool of international talent, low taxes and even lower electrical costs are set to contribute to a winning formula for the company.
As fuel prices rise sharply in Europe, Dr Thomas could reduce annual electricity costs from £500,000 ($657,140) at his Cambridgeshire factory to £100,000 in the UAE.
The key driver was a highly capable workforce, he said. “The UAE is a gateway for many countries, including India. There's a lot of very intelligent, highly trained, educated individuals that can't get visas in the UK but are absolutely exceptional candidates for what we want to do.”
Time up for silicon
That includes replacing silicon, the vital ingredient for the world’s semiconductors, which the scientist argues “is at the point of not being useful any more for new applications”, lacking efficiency and using too much power.
The future of semiconductors “is all about new materials” and, unlike silicon, graphene can withstand high temperatures, meaning energy demand is not so problematic.
Graphene is also a “hugely conductive material” that allows “you to have low power and high performance”, Dr Thomas said.
Paragraf is one of Britain’s most promising private technology businesses and has benefited from Mubadala contributing $35 million, giving it a 12.8 per cent stake in the company.
It will be the first global company to use graphene for quantum computing, electric vehicles, energy storage and chemical testing, as well as helping to develop new cancer drugs.
Heart attack detector
A graphene molecular sensor has become particularly important for medical diagnostics.
The device needs just one drop of blood and within 20 seconds it will give the patient the potassium level in their blood. “Why is that important?” says Dr Thomas. “About a week before you have a heart attack, potassium levels go up, so they can actually predict if you're going to have a problem.”
The chips can be used to detect many types of bacteria, viruses and blood conditions. Paragraf is now moving into oncology, with an announcement imminent on new technology detecting an early-stage cancer common in men.
Space chips
From human cells to outer space, the graphene chips seem to have limitless capabilities. Paragraf has qualified its graphene chips for a company that “really wants to use our technology in space” for satellites.
The unnamed company had spent “a lot of time, effort and money on qualifying our chip”. Radiation in outer space eventually kills off chips but graphene is “radiation tolerant”, Dr Thomas said.
“I believe that graphene is going to be the material for electronics in space because it's not affected by radiation at all,” he said.
Space is an area of keen interest for the Emirates and could be a reason for further investment in industrial pioneers. The British embassy’s director of investment in the UAE, Philip Harwood, told The National that Gulf countries were “passionate about innovation that contributes to long-term strategic objectives” and that UK companies “like Paragraf fit this brief perfectly”.
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MATCH INFO
Southampton 0
Manchester City 1 (Sterling 16')
Man of the match: Kevin de Bruyne (Manchester City)
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
Liverpool's all-time goalscorers
Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
Fitness problems in men's tennis
Andy Murray - hip
Novak Djokovic - elbow
Roger Federer - back
Stan Wawrinka - knee
Kei Nishikori - wrist
Marin Cilic - adductor
UAE currency: the story behind the money in your pockets
Results
Ashraf Ghani 50.64 per cent
Abdullah Abdullah 39.52 per cent
Gulbuddin Hekmatyar 3.85 per cent
Rahmatullah Nabil 1.8 per cent
Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
MATCH INFO
Cricket World Cup League Two
Oman, UAE, Namibia
Al Amerat, Muscat
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Namibia beat Oman by 52 runs
UAE beat Namibia by eight wickets
UAE v Oman - abandoned
Oman v Namibia - abandoned
Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
If you go
Flying
Despite the extreme distance, flying to Fairbanks is relatively simple, requiring just one transfer in Seattle, which can be reached directly from Dubai with Emirates for Dh6,800 return.
Touring
Gondwana Ecotours’ seven-day Polar Bear Adventure starts in Fairbanks in central Alaska before visiting Kaktovik and Utqiarvik on the North Slope. Polar bear viewing is highly likely in Kaktovik, with up to five two-hour boat tours included. Prices start from Dh11,500 per person, with all local flights, meals and accommodation included; gondwanaecotours.com