Longyao Xintu and YTMicro have completed a Series B round of financing, raising hundreds of millions of yuan.

Recently, Jiangsu Yuntu Microelectronics Co., Ltd. (hereinafter referred to as "YTMicro") has defied the capital winter, completing two rounds of financing totaling hundreds of millions of yuan within a year. This round of financing was led by the National Development Fund, with participation from Xichuang Ventures and other institutions.

Since its establishment, YTMicro has been dedicated to the development of high-end automotive chips, striving to achieve the commercialization path for the high-quality development of domestic chips. As of now, YTMicro has completed six rounds of financing, receiving support from industrial players such as Xiaomi Industry Investment, BAIC Industry Investment, Baolong Technology, Inovance Technology, and DiAo Microelectronics. The company has also attracted capital from renowned institutions like BlueRun Ventures, Lianxin Capital, Inno Angel, Linxin Investment, Poly Capital, Hangzhou Jin Investment, Jinbang Capital, Huifeng, Xindong Energy, Yongxin Capital, Qiandao Fund, Jingxiang Capital, and Shique Investment.

With unwavering determination and a commitment to our founding mission, we aim to soar to new heights and pave the way for a bright future in the semiconductor industry. YTMicro sincerely thanks our customers and investors for their long-term support and companionship. We will continue to give our best effort, working alongside our industry ecosystem partners, and stepping into a new era of intelligent automobiles in China!