FINESET completes round A financing of nearly 100 million yuan led by Sanhang Capital

     FINESET, a leading enterprise in the field of optical adhesives in China, recently completed its A round of financing of nearly 100 million yuan led by Sanxing Capital.

       Yang Yang, investment director of Sanhang Capital, said: China’s semiconductor display industry has already seen world-leading companies such as BOE, China Star, and Tianma, and the localization of panel factories and their upstream equipment and materials has also achieved good results. OCA optical glue is a key material used in a large amount in the panel field, but OCA is still one of the few materials that is still controlled by overseas companies. Most domestic manufacturers are still facing heavy pressure in product development, patent layout and customer support. It can compete in the repair market, and there is no breakthrough in the brand market. Versatile's technology originated from Hitachi Chemical, and it is the only company we have seen so far that is expected to break through the overseas blockade in terms of products and patents. Investing in Versatile reflects Sanxing's thinking and determination to deeply cultivate the pan-semiconductor industry chain such as semiconductor display.

Industry layout

       OCA Optically Clear Adhesive (Optically Clear Adhesive) is a special adhesive for bonding transparent optical components. It makes optical acrylic adhesive without base material, and then laminates a layer of release film on the upper and lower base layers to form a high-transparency double-sided lamination tape without base material.

       OCA optical adhesive is an optical film used for bonding between protective cover (CG), touch screen (TP) and display (Display) in electronic products. It is an important functional material for consumer electronic products such as mobile phones and Pads. By filling the air layer between the interfaces of the display module, touch screen and protective cover inside the screen, the reflection of light at each interface inside the screen assembly is suppressed, and the brightness and contrast of the display are improved. The pressure applied to the touch panel can be buffered, and the distortion of the display screen can be suppressed.

       OCA optical glue has high clarity, high light transmittance (total light transmittance >99%), strong adhesion, water resistance, high temperature resistance, UV resistance, controlled thickness, uniform spacing, and no yellowing after long-term use. Problems of vulcanization, peeling and deterioration. The industrial chain from OCA optical glue to downstream terminal applications includes several links such as optical glue production, die-cutting processing, laminating processing, and terminal branding. After the OCA optical adhesive leaves the factory, it is first delivered to the midstream die-cutting factory. The entire roll of large-area OCA optical adhesive is die-cut into an OCA optical adhesive sheet with the same size as the screen of the corresponding terminal model, and then delivered to the laminating manufacturer for display module assembly. The bonding of the touch module, and the final product is delivered to the downstream terminal factory for final assembly.

       According to calculations, the global market size of OCA adhesive materials in 2018 is about 4.5 billion yuan. At present, the downstream applications mainly include LCD mobile phones, OLED mobile phones and Pad tablets, smart wearable devices and some high-end notebook computer markets. Due to the high technical requirements of OCA glue for mobile phone OLED panels, correspondingly, the unit price of OCA glue on OLED mobile phone panels is much higher than that of LCD mobile phone panels. Further market growth provides a fulcrum. At the same time, notebook computers will be a large-scale penetration market under OCA glue. In the larger size market, there is also a broad imagination space for OCA glue in the fields of TV, commercial/educational tablets, and vehicle panels in the future.

About Sanxing Capital

Sanxing Capital focuses on the field of science and technology, focusing on investment in the pan-semiconductor industry chain, and mainly invests in the localization of materials, equipment, and devices under technological innovation. With the unique investment strategy of "in-depth research and excavation under industry focus + five-in-one innovative resource integration", Sanhang Capital has invested in Yisiwei, Jingdaowei, Silicon Rui Technology, Debon Technology, Haipu Runsi, There are more than 30 companies including Haoze Electronics, Keihin Optoelectronics, Jingzhida, Remodeling Technology, Space Intelligence, Yiguo Fresh, Yuanfu Logistics, Dream Maker, and Panghu Technology.

Sanhang Capital is committed to building an excellent market-oriented investment institution in the pan-semiconductor field, always adhering to the corporate philosophy of "commitment, warmth, and discipline", deepening the resources of the industrial chain, finding outstanding entrepreneurs and working with them to work together. Create value.