Chinese automotive chip supplier YTMicro closes B1 financing round

Beijing (Gasgoo)- YTMicro, the Chinese automotive semiconductor supplier, recently concluded its B1 funding round, which raised for the company several hundreds of millions of yuan. 

The B1 round was backed by Dioo Microcircuits, Unifortune, and JX Capital.

Photo credit: YTMicro

As of now, YTMicro has established deep collaborative relationships with dozens of major automakers and renowned domestic automotive component manufacturers, facilitating over 300 projects and shipping millions of chips. 

Over the next 3 to 5 years, YTMicro is poised to enter a phase of rapid expansion. Built on its existing portfolio of 17 mass-produced chipsets, the company is set to comprehensively penetrate the automotive market and intensify its efforts in product application development, with a commitment to becoming a leading domestic automotive chip manufacturer.

In August of this year, YTMicro unveiled the YTM32BIHA series, a high-performance multi-core processor chip, and within just three months, it has already garnered interest from several customers and begun the application development and design phase. The YTM32BIHA features multiple Cortex-M7 cores, high-bandwidth, reliable embedded flash memory, ASIL-D functional safety certification, and meets AEC-Q100 Auto-Grade 1 standards. It is suitable for a wide range of automotive applications, including powertrains, chassis, functional safety controllers, and domain controllers.