Towards Circular Electronics: a New Partnership between Luminovo and GREENCHIPS

February 19, 2025 – Munich, Germany. Luminovo and GREENCHIPS are happy to announce their new partnership, bringing suppliers and customers together on a mission to reduce e-waste and the environmental impact of the electronics industry.

What is circular electronics and why it matters

Surplus inventory management and waste reduction are just two of the threats that the electronics industry poses to the environment.

The concept of circular electronics emphasises reusing, refurbishing, and reselling components rather than discarding them. This approach combats pressing industry challenges such as:

• E-waste: the electronics sector is a major contributor to global waste, with millions of tons discarded annually.

• Resource scarcity: precious metals and rare materials used in electronics are finite and increasingly difficult to source.

• Environmental impact: traditional production models often result in significant carbon emissions and resource depletion.

A shift to circular models offers a compelling solution to these challenges, driving sustainability and long-term growth in the industry.

How everyone benefits from this partnership

GREENCHIPS is an AI-powered marketplace that transforms electronic excess components into valuable assets. Luminovo is the electronics supply chain platform, connecting data, processes, and players in one place. By seamlessly connecting buyers and sellers, GREENCHIPS and Luminovo are set to create a more efficient and sustainable electronics supply chain. 

In practical terms, this means that Luminovo’s current and future customers get to request excess stock from GREENCHIPS directly within the Luminovo platform, making GREENCHIPS’ smart and sustainable excess services available to more than 200 companies operating in the electronics industry.

Customers on both sides will benefit on many levels: financial, logistical, and environmental. 

• Surplus inventory is transformed into a profitable revenue stream, and, consequently, disposal costs are cut down. 

• Giving new life to inventory that would otherwise sit unused in a warehouse frees up valuable space, and allows for smarter inventory management. 

• Extending product lifecycles minimises e-waste, therefore reducing the environmental impact of unused inventory. 

Success story: BMK

GREENCHIPS’ has previously helped manufacturers recover significant revenue by reselling surplus components, preventing thousands of parts from being scrapped. 

One example comes from BMK, where GREENCHIPS has provided both economic and environmental benefits. As Bernadette Brox, Supplier Development and Material Group Purchasing at BMK, explains: “GREENCHIPS offers an economically viable solution for the disposal of excess stock. Sustainability is a key factor: high-quality materials are reused, reducing the environmental impact. With GREENCHIPS, we can make a global impact without consuming our planet's resources—out of sheer enthusiasm!”

These efforts are further amplified by GREENCHIPS’ sustainability initiatives. Over 5,000 trees have been planted through their programs, contributing significantly to reforestation and carbon sequestration. They have also reduced 49 tons of e-waste and supported environmental education, enabling 56 children to explore nature and learn how to protect the environment.

The positive results obtained in the EMS industry, as well as the humanitarian cause carried on by GREENCHIPS, made the Luminovo team even more excited about sealing this partnership.

Looking ahead: the future of the electronics industry

The electronics industry is undergoing a transformation, with circular models at the forefront: this partnership positions us, and our customers, at the leading edge of this shift. The future holds exciting possibilities, from advanced recycling technologies to AI-driven inventory management systems, all aimed at further reducing waste and enhancing sustainability – join us in championing sustainable supply chains!

Reach out to learn more about how our partnership can help you unlock the potential of your excess inventory. Circular electronics is a win-win solution: beneficial for your business and essential for the planet. 


About GREENCHIPS
GREENCHIPS is on a mission to revolutionise the way electronic excess components are managed. Specialising in purchasing and reselling electronic excess components, GREENCHIPS ensures these parts find a new purpose. Their commitment to sustainability extends product lifecycles, reducing the environmental footprint of electronics manufacturing. Every transaction is underpinned by rigorous quality checks and transparent processes, ensuring trust and reliability for all stakeholders.

About BMK
As a leading provider of electronic engineering and manufacturing services (EMS), BMK inspires with an optimised value creation process and a customised service approach. In addition to comprehensive technical know-how from development and production through to end-of-life management of electronic assemblies and systems, BMK provides individual fulfilment/logistics services and supply chain management. BMK also offers the fast prototyping service BMKyourproto for challenging projects, including an online portal. 

About Luminovo
Luminovo is the electronics supply chain platform that helps you quote and procure faster and better by bringing all your data, processes, and players together in one place. Their products for OEM (Design-to-source) and solutions for EMS (Configure-price-quote) are modular and easily tailored to your needs thanks to an array of add-ons specifically built for the electronics industry’s challenges.