YTMicro has completed several hundred million RMB in Series A+ financing, aiming to build a full range of high-end automotive-grade chip products.
Recently, Jiangsu Yuntu Microelectronics Co., Ltd. (YTMicro for short) announced the completion of several hundred million RMB in Series A+ financing. Xiaomi Industrial Investment and Lianxin Capital continued their investment, with new investors including Jingbang Capital, BAIC Industrial Investment, Xindongneng, Huitianfu, and Yongxin Capital increasing their stakes. Founded in 2020, YTMicro has quickly attracted significant interest from top-tier investors in just two years, completing five rounds of financing and becoming the first company to achieve product mass production and delivery. This success has fully demonstrated its strength as a leading player in automotive-grade chips, capturing the attention of many investors and industry-related enterprises.
Relying on Strength to Stand Out and Strive for International First-Class Product Standards
With its professional background and deep technical foundation, YTMicro has achieved mass production of two high-quality automotive-grade MCUs in less than two years, filling the gap in China’s mid- to high-end automotive-grade MCU market.
YTMicro’s first automotive-grade product series, the YTM32B1L, is suitable for a wide range of applications such as sensors, automotive lighting, windows, seats, and electric tailgates. It has secured multiple orders from vehicle manufacturers and Tier 1 suppliers, with batch shipments already underway.
The second high-end automotive-grade MCU product, the YTM32B1ME, has an even broader application range. It is currently the only domestically mass-produced automotive-grade MCU that meets both AEC-Q100 and ISO 26262 ASIL-B certifications for high performance, reliability, and safety. Since its mass production in April, within just three months, the product has been sampled to over 100 key customers and secured orders worth tens of millions of RMB. It has already been adopted by multiple vehicle manufacturers and Tier 1 suppliers, with batch shipments expected to begin in the fourth quarter.
Left image: Functional Safety ASIL D Certificate; Right image: AEC-Q100 Certificate
Targeting the Growing Automotive Market and Accelerating Full-Scenario Coverage
Automotive-grade MCUs are core components in automotive electronics, playing a critical role in controlling various functions within a vehicle. With the deepening development of automotive intelligence and connectivity, the demand for new functions in different application scenarios is increasing, and more MCUs are needed to control each functional node in the vehicle. It is clear that the demand for automotive-grade MCUs is growing rapidly with the rise of smart vehicles. According to CITIC Securities, each traditional vehicle typically uses more than 70 MCUs, while the estimated MCU count for a smart vehicle could exceed 300. To break the long-standing monopoly of foreign giants in the automotive-grade MCU market, it is essential to establish a comprehensive product system that supports diversified product series and covers most application areas.
As such, YTMicro has developed four product series: the YTM32B1L, YTM32B1M, YTM32B1H, and YTM32Z1 series, aimed at gradually covering 90% of the application functions across the five major domains of the vehicle. YTMicro has become the semiconductor company with the most comprehensive domestic automotive-grade chip product portfolio.
Pang Bo, Investment Director at BAIC Investment:
"The threshold for automotive-grade chips is extremely high, and the stability and consistency of mass production are crucial. The YTMicro team is not only a rare domestic team with automotive-grade chip expertise, but also has deep design and mass production experience, along with a strong execution ability. Within two years of establishment, they have successfully mass-produced two automotive-grade MCUs, demonstrating their ability to seize industry opportunities. Therefore, we highly recognize YTMicro's technical expertise in automotive chip R&D. We hope that we can work together with the upstream and downstream industry chains to promote the leap from self-controlled to technologically leading Chinese automotive chips."
Wang Rongjin, Partner at Jinbang Capital, and Gong Xi, Deputy General Manager of the Investment Department:
"To break the long-standing monopoly of international companies, automotive-grade MCUs are the key to solving the chip shortage issue, and this requires long-term continuous investment. The success achieved by YTMicro is mainly due to their team’s long-term technical accumulation and deep understanding of the design, manufacturing, and testing processes of automotive-grade MCUs. We are very optimistic about the YTMicro team and believe that, in the near future, YTMicro will become a shining Chinese star in the global automotive chip market."
Zhou Li, Managing Director of Xindongneng:
"YTMicro is formed by a top-tier, established automotive-grade technology team and is one of the rare domestic teams with complete experience in automotive-grade mass production. With solid technology and mass production capabilities, YTMicro has achieved a qualitative leap from 0 to 1 in automotive-grade chips within just two years. Xindongneng is very excited about YTMicro’s future development, and we look forward to empowering and supporting YTMicro to become a leading domestic automotive chip company, driving China’s automotive chip industry toward the global stage."
Wang Yingbo, Doctor at Huitianfu Investment:
"YTMicro is a rare domestic team with mass production experience in automotive-grade chips. In the wave of new energy and intelligent vehicles, YTMicro has seized the opportunity to achieve a breakthrough in the domestic high-end automotive-grade MCU sector, and has gained recognition from many partners. The localization of automotive MCUs is a long-term battle, and we are firmly optimistic about YTMicro’s continued progress in the mid-to-high-end automotive MCU sector. We believe that YTMicro will become an outstanding leading company in the automotive MCU chip industry."
Wang Jianzhong, Chairman of YTMicro:
"The YTMicro team has stayed true to its mission, taking steady and determined steps at every stage, always ensuring high reliability, high safety, and high consistency in our products. We are deeply grateful for the trust and support from the investment community, as well as from our partners and customers. YTMicro will not let anyone down and is committed to making the development of safe, reliable, stable, and comprehensive automotive chips our top priority. We are dedicated to providing outstanding products that ensure the safety and success of Chinese automotive customers."
About YTMicro
Suzhou YTMicro Co., Ltd. was established in July 2020 and is an integrated circuit design company specializing in automotive-grade chips. The company is committed to providing comprehensive automotive-grade chip solutions to support the innovation of global intelligent mobility technologies. YTMicro's products fill the gap in the domestic high-end automotive-grade MCU (Microcontroller Unit) chip market, covering a wide range of application scenarios and breaking the long-standing monopoly of international giants.
YTMicro's core technology team consists of professionals with nearly 20 years of experience in the design and mass production of automotive-grade chips. As of now, two product series have been successfully mass-produced, and the company has secured customer orders amounting to nearly 100 million RMB. By delivering high-quality products, YTMicro has demonstrated its technical strength to a wide range of automotive customers and has become the first domestic Fabless company to achieve mass production of automotive-grade MCUs. YTMicro has set new benchmarks for the development progress and mass production quality of domestic automotive-grade MCU products.
