Allchips Limited

About Allchips Limited

Established in 2015, Allchips Limited operates as a global B2B platform for electronic components, leveraging big data and artificial intelligence to streamline the supply chain. The company, with its core team having over a decade of experience in the electronics industry, launched its online platform in March 2016. This launch was followed by an Angel round of financing in June of the same year and a Pre-A round in July 2017. A significant milestone was achieved in January 2018 when the company secured 10 million in a Series A funding round. Allchips has raised a total of $49.2 million through various funding stages, including Series B1 in April 2019 and Series B2 in December 2020.

Allchips provides a comprehensive bill of materials (BOM) procurement platform for hardware manufacturing enterprises. The platform enables clients such as EMS, OEM, makers, and electronics factories to manage their supply chain more efficiently. The company's business model centers on offering an 'all-in-one' procurement solution, from component sourcing to PCB fabrication and assembly. By combining big data with AI, Allchips offers services like cost calculation, risk management, and suggestions for substitute materials. Revenue is generated through these supply chain services and the sale of electronic components sourced from over 1,000 original manufacturers and authorized agents, with a catalog of over 10 million parts. The company also operates its own digital manufacturing factories.

The core of Allchips' offering is its intelligent BOM management tool, which aims to significantly increase the work efficiency of hardware engineers and purchasers. This service, referred to as "BOM IN ONE BOX", allows users to submit a Bill of Material and receive a consolidated procurement solution, often at a better price than sourcing from individual suppliers. The platform features an AI engine for product recommendations and provides solutions for issues like EOL (End-of-Life) parts and single-source components. With warehouses in Shenzhen and Hong Kong, Allchips focuses on intelligent supply chain management, particularly in South China. In August 2024, Allchips Limited was added to the U.S. sanctions list for its connections to the Russian military-industrial base, specifically for selling components used in Russian weaponry.