Heavy weight! After introducing Huawei, this rubber company has completed tens of millions of yuan in Series B financing···

On the 16th of the month, Benuo Electronic Materials, a leading benchmark enterprise for chip level adhesives in China, announced the completion of tens of millions of yuan in Series B financing. This round of financing is led by Jiangsu Xinchao Technology Group Co., Ltd. (Xinchao Technology), followed by Jiangsu Private Investment Holding Co., Ltd. (Sumin Investment), with Index Capital serving as the exclusive financial advisor. The financing funds will be planned to be used for research and development investment and capacity expansion of chip level electronic adhesive products. In February 2021, Benoit Electronics received strategic investments from Huawei Hubble and SMIC Juyuan.

Why is Bono Electronics so favored by so many capital institutions?

Benno Electronic Materials was founded in 2009 and is a professional supplier of chip level adhesive products and solutions. Our products are widely used in the fields of electronic assembly and semiconductor packaging. With an internationally advanced technology platform with independent intellectual property rights, BENO Electronic Materials has built an electronic adhesive product matrix covering multiple application scenarios such as integrated circuit packaging, consumer electronics, IoT, and industrial and automotive electronics. It can provide solutions for multiple application scenarios and meet the needs of segmented market customers for product depth and breadth to the greatest extent possible.

Driven by the electronic information industry, ChinaElectronic adhesiveThe market is developing rapidly. As of 2020, the market size of electronic adhesives in China has exceeded 12 billion yuan. The continuous expansion of demand in sub sectors such as integrated circuit packaging, consumer electronics, the Internet of Things, and industrial and automotive electronics is driving the explosive growth of the electronic adhesive industry. In the field of electronic adhesives, compared to foreign companies such as the United States, Japan, and Germany that have traditional advantages in fine chemicals, local industry enterprises are generally smaller in scale, with fewer application scenarios and relatively backward technology.

Benno Electronics is headquartered in Shanghai, with a South China Technology Center in Shenzhen and an overseas R&D center in Yokohama, Japan. Currently, R&D and technical personnel account for over 40%. In terms of team background, the core team of Beno Electronics combines academic background, technological advantages, product capabilities, management experience, and industrial resources. The team members come from internationally renowned universities such as Imperial College London, Fudan University, University of Science and Technology of China, Tianjin University, East China University of Science and Technology, and Shanghai University, as well as globally leading fine chemical companies including Henkel Chemical, Dow Chemical, Fule Chemical, and Showa Chemical. Up to now, Benoit Electronics has served over 200 leading companies in various sub sectors, including Huawei, a global ICT supplier, BOE, a global semiconductor display leader, and Osram, the world's second-largest optoelectronic semiconductor manufacturer. It has actively integrated into the top customer ecosystem, positioned in the midstream of the card industry chain, deeply integrated top upstream and downstream resources at home and abroad, and continuously expanded production capacity and ecological resources.

After nearly 14 years of development, BENO Electronics has established a three-dimensional technological barrier and broken the market monopoly previously held by foreign brands. It has obtained supplier certification and stable procurement from numerous leading enterprises, becoming a leading enterprise in domestic electronic grade adhesives and gradually realizing the manufacturing of high-end electronic adhesives in China. With the support of capital, Benuo Electronics' Series B financing of tens of millions of yuan will accelerate the localization and substitution of semiconductor materials.