Recently, Jiangsu Jingchuang Advanced Electronic Technology Co., Ltd. (hereinafter referred to as "Jingchuang Advanced"), a manufacturer of semiconductor precision dicing equipment, announced the completion of tens of millions of yuan in Series A financing. This round of financing was led by Yida Capital. Old shareholders Shun Rong Capital and Qianhai Pengchen Investment continue to increase their investment. This round of financing will be mainly used for product research and development, production capacity expansion and market promotion. The company has previously received angel round investment from Shun Rong Capital and Qianhai Pengchen Investment.

Semiconductors are an important strategic industry for the country, and semiconductor equipment, as a key industrial link in the upstream of semiconductors, still lags far behind developed countries, and the market has always been dominated by foreign companies. In recent years, with the transfer of semiconductor manufacturing capacity to China, the demand for semiconductor equipment has been increasing day by day. However, the price and service disadvantages of imported equipment and the improvement in performance of domestic equipment have formed a scissor gap, creating good opportunities for the substitution of domestic semiconductor equipment.

Semiconductor-level precision dicing equipment is a key equipment in the field of semiconductor packaging. It has long been dominated by two Japanese companies, Disco and TSK, with a market share as high as 90%. The technical threshold for dicing machines is very high. The larger the size of the equipment, the more difficult it is to make. For example, a 12-inch dicing machine requires that the deviation of the full stroke of the blade on the wafer should not exceed 2um, which is an accuracy that is difficult to achieve in conventional fields. In order to achieve this precision, every detail of the product needs to be studied hard, and even the temperature and humidity of the assembly workshop must be accurately controlled. For such equipment, it takes at least ten or twenty years of industry technology accumulation to develop it.

Jiangsu Jingchuang Advanced Electronic Technology Co., Ltd. was established in 2013. It is a high-tech enterprise specializing in the research and development, production and sales of semiconductor-level precision dicing equipment. After more than 20 years of technology accumulation, the company took the lead in breaking the monopoly of 8-inch and 12-inch wafer dicing equipment by foreign manufacturers. In 2019, it took the lead in completing the mass production and shipment of 12-inch fully automatic dicing machines. In 2020, it officially entered the domestic leading packaging and testing factory, filling the domestic gap.

At present, Jingchuang Advanced has successfully developed and mass-produced AR3000, AR6000, AR7000 and AR8000 series 6-12 inch precision dicing machines, AR8200 and AR9000 series 12-inch fully automatic precision dicing machines and a series of scribing auxiliary equipment. The products are suitable for complex precision dicing of different materials in the semiconductor field, and are widely used in chip dicing production of semiconductor integrated circuits, GPP/LED gallium nitride and other chips, discrete devices, LED packaging, optical communication devices, surface acoustic devices, MEMS and other chips.

Jingchuang Advanced has gathered a group of senior senior professionals and R&D experts in related fields. At present, the company now has multiple technology research and development centers for precision mechanical automation, electrical automation, computer applications, and semiconductor dicing process applications. At the same time, it has also built a complete production line dedicated to semiconductor dicing equipment and a professional 10,000-level purified room dicing laboratory.

Founder Yang Yunlong is a technical expert in the field of semiconductor special equipment with more than 20 years of experience. He said that semiconductor chip precision dicing technology is a key process in the semiconductor manufacturing process. It has extremely high requirements for the accuracy and reliability of the equipment, and the technical threshold is relatively high. Although Jingchuang has achieved market recognition for its high-end models, it still needs to see the gap with foreign competitors and continue to work hard on technology and services to bring greater value to customers. Talking about the next step plan, Yang Yunlong revealed that the company will increase investment in research and development of new products, expand production capacity and strengthen marketing efforts, and strive to be listed on the Science and Technology Innovation Board within three years.

Liu Jin, partner of Yida Capital, the lead investor in this round of financingexpress：At present, the penetration rate of dicing equipment for domestic semiconductor back-end processes is very low. 8-inch and 12-inch wafer dicing equipment are basically monopolized by foreign manufacturers. Jingchuang Advanced took the lead in breaking this situation and realizing production applications. At the same time, domestic semiconductor equipment is in the stage of continuous breakthroughs from packaging to wafer preparation, and from small size to large size. Jingchuang Advanced has strong R&D capabilities in the semiconductor equipment industry chain and can directly compete with foreign brands. It is a leader in this field. At present, the company's technology is very mature, its product line is complete, and it has been recognized by domestic first-line customers. It is believed that with the support of capital, Jingchuang Advanced will play an increasingly important role in the fields of independent control and import substitution in the future.

Qi Dongliang, investment director of Shunrong Capital, the investor in the angel round and this roundSaid: "Shunrong Capital is firmly optimistic about companies that master core technologies and can do things in a down-to-earth manner in the process of localization substitution. The founding team of Jingchuang Advanced has more than 20 years of technology accumulation in the field of semiconductor precision dicing equipment and has gone through a very bumpy road. Shunrong first invested in Jingchuang two years ago, hoping to help them continue to study products. Especially the fully automatic 12-inch dicing machine can fill the gap in the country. This year, Jingchuang's 12-inch equipment has been supplied in batches to domestic head packaging factories, and orders for other sizes have also increased significantly. Despite the global epidemic, the performance has still increased several times. I hope Jingchuang Advanced can continue to do things in a down-to-earth manner, with sentiment, structure and determination, and make its own contribution to the domestic semiconductor industry."