"Jingchuang Advanced" completed Series B financing of over 100 million yuan, focusing on the localization of semiconductor dicing equipment

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"Jingchuang Advanced" completed Series B financing of over 100 million yuan, focusing on the localization of semiconductor dicing equipment

August 25, 2021

Recently, our company (Jiangsu Jingchuang Advanced Electronic Technology Co., Ltd. – hereinafter referred to as "Jingchuang Advanced") completed a Series B financing of over 100 million yuan, led by SMIC Juyuan, followed by Shengyu Investment, Inovance Technology, Jucheng Investment, and Yangtze River Guohong. Old shareholders Yida Capital and Gimpo New Trend continued to invest. This round of financing will be mainly used for new technology research, new product development, fully automatic product capacity expansion and market promotion.

"Jingchuang Advanced" was established in 2013.It is a high-tech enterprise specializing in the research and development, production, sales and service of semiconductor precision dicing equipment.The core members of the company's founding team have been deeply involved in the industry for more than 20 years and have excellent relevant technologies and experience. They are also well aware of the situation that precision dicing equipment is monopolized by foreign countries. The team adheres to the inheritance and innovation of technology, constantly breaks through and innovates, aims at the end customer's emphasis on equipment production capacity and overall machine stability, and is committed to exploring and promoting the localization process in the wafer dicing equipment segment.

It is reported that"Jingchuang Advanced" has successfully taken the lead in realizing the industrialization of domestic replacement of 12-inch fully automatic precision dicing machines.The team ensures the long-term maintenance and reliability of the complete machine's high precision through a number of core technologies such as three-dimensional simulation design technology, high-precision machine precision machining and heat treatment technology, multi-dimensional motion control linkage optimization technology, and geometric error software algorithm compensation technology. At the same time, relying on the large number of customer needs and precision scribing process experimental data accumulated over many years of deep cultivation in this field, the underlying algorithm and human-computer interaction interface software design based on this are also the key to the industrialization transformation of the equipment.At present, the series of products have been applied in batches to complex and precise dicing of various types of semiconductor materials or pan-semiconductor materials.It is 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.

Due to the diversity of semiconductor market demands and the rapid development of processes, as well as the ultra-high-precision characteristics of dicing machines, it is difficult to achieve assembly line mass production. Therefore, two problems will be encountered in the industrialization process. One is how to achieve high precision of the whole machine while ensuring efficient and stable output? Second, due to process differences, how can customer customized needs be delivered quickly and efficiently? According to Gao Yang, vice president of R&D at "Jingchuang Advanced", the current measures are to improve the versatility of parts, use modular design to achieve efficient interchange, reduce the difficulty of process control, and be more conducive to standardized operations; in addition, actively promote cooperation with high-quality suppliers and provide modular supply in the form of OEM, which has obvious effects on overall machine quality control, installation efficiency improvement and production capacity ramping.

With the help of multiple industrial capitals, "Jingchuang Advanced" will accelerate its transformation from a "single category semiconductor equipment manufacturer" to a "platform company with multiple varieties and categories of semiconductor equipment solutions".From the improvement of basic theories, the formulation of corporate industry standards, and the continuous exploration of advanced packaging processes, to the improvement of refined management capabilities, the rapid integration of superior resources, and the construction of JCA (*Note: Jingchuang Advanced) brand influence, "Jingchuang Advanced" is "cultivating itself" in all aspects, aiming to create greater value for more customers in the future and make the domestic replacement process of semiconductor precision dicing equipment faster and more stable.

Financing process

"Jingchuang Advanced" has completed 3 rounds of financing so far:

In March 2019, it received angel investment from Shun Rong Capital and Qianhai Pengchen;

In July 2020, it received tens of millions of yuan in Series A investment led by Yida Capital, with existing shareholders Shun Rong Capital, Qianhai Pengchen and others continuing to increase their investment;

In August 2021, it received over 100 million yuan in Series B financing led by SMIC Juyuan, followed by Shengyu Investment, Inovance Technology, Jucheng Investment, Yangtze River Guohong and other institutions.

Investor perspective

Sun Yuwang, President of SMIC Juyuan said：

The 12-inch high-end dicing machine market has long been monopolized by overseas suppliers. As a production bottleneck, the market space is large enough. Jingchuang Advanced has successfully achieved domestic substitution in the 12-inch fully automatic dicing machine market. The team has comprehensive technology, deep accumulation, accurate grasp of market trends, and comprehensive layout. Its 12-inch fully automatic dicing machine has been successfully shipped in batches to leading domestic customers. We are very optimistic about the development potential of the company.

Qi Dongliang, Investment Director of Shunrong Capital, said：

Thanks to investors such as SMIC Juyuan for their recognition of Jingchuang Advanced. I believe that with the support of various professional institutions, Jingchuang Advanced will reach a higher level. As the earliest investor in Jingchuang Advanced Technology, we have witnessed its transformation in recent years. The company's core equipment ranges from 6-inch, 8-inch to 12-inch, from semi-automatic to fully-automatic, and the dicing products range from LEDs and discrete devices to 12-inch wafers. Behind every bit of growth lies the huge dedication of the team.

The import substitution of the domestic semiconductor industry has ushered in a historic window period, and it is foreseeable that a number of domestic leaders will emerge in various subdivisions. We hope that Jingchuang Advanced can take advantage of this opportunity to consolidate its position in the industry and continue to overcome difficulties and make continuous improvements.

Focusing on the fields of high-precision sealing, grinding and polishing technology, we are committed to providing advanced integrated solutions for independent, serialized and intelligent semiconductor domestic equipment and supporting processes.

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