Reading’s Sondrel intends to launch on AIM stock exchange

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Sam Pither

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A Reading-based company has announced its intention to list on the London Stock Exchange’s Alternative Investment Market.

Sondrel, a global designer and supplier of semiconductors, said that it plans to begin trading on the AIM from 21 October, using the ticker SND.

Sondrel’s higher-spec chips are built using some of the most advanced superconducter technologies, and are sold to a ranger of high-growth markets including high-performance computing, automotive, artificial intelligence, VR/AR, video analytics, image processing, mobile networking and data centres. It is one of only a handful of non-Asian companies capable of doing so.

Graham Curren, Sondrel’s Founder and CEO, said: “This float will be the perfect way to celebrate Sondrel’s 20th birthday. Admission to AIM will enable us to expand our global operations with more engineers and sales staff to ensure that we maintain our high levels of customer satisfaction as we grow.

“The majority of business over the past 10 years is from existing customers which is a great validation of our customer care in delivering exactly what they want.

“We specialise in the design and delivery of state-of-the-art digital chips that are the brains in pioneering new technology products from satellites to internet infrastructures and from electric vehicles to 8K video processing for some of the world’s top technology companies.

“Sondrel’s previous designs have been included in many well-known products such as the Apple iPhone, Sony PlayStation, Meta’s Oculus Quest virtual reality headset, Samsung, Google and Sony smartphones, JVC prosumer camcorders, and Tesla and Mercedes-Benz cars. We make possible next generation products by turning visionary ideas into working chips.

“We are renowned for designing complex digital chips with billions of transistors on a single chip down to 5nm process technologies that few rivals can come close to matching.

“This is because of our combination of highly experienced engineers and investment in R&D so that we are always innovating new ways to design chips that become ever more complex every year.

“For example, our innovative suite of Architecting the Future IP platforms provides starting reference designs for five types of advanced chips so that solutions can be created in a de-risked and timely manner.

“The trust that builds with customers during the design phase is such that they increasingly ask us to handle all the complex stages of turning a design into final chips.

“This process requires working capital so listing will provide us with the funds to take on many more projects for our full turnkey service of design to final chips.”

Featured image: iStock

Sam Pither

Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset. A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise. Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.