YTMicro closes B2 funding round with hundreds of millions of yuan raised

Beijing (Gasgoo)- YTMicro, the Jiangsu-based semiconductor company, closed a new funding round with hundreds of millions of yuan raised. 

Photo credit: YTMicro

The latest financing, which is YTMicro’s second funding round within six months, was led by the China Structural Reform Fund, with participation from Wuxi Capital Group and other institutions, highlighting the continued support from key players in the industry.

YTMicro has been dedicated to the R&D of high-end automotive chips, striving to pave a commercial path for the high-quality development of China-made chips. With six successful funding rounds to date, the company has garnered support from industry giants like Xiaomi's industrial fund, BAIC Capital, and Baolong Automotive, alongside backing from reputable financial institutions.

In May 2023, YTMicro completed a comprehensive product layout for "General MCU + Dedicated SoC." Its YTM32B1L and YTM32B1M products have received ISO26262 ASIL-B product certification, with cumulative shipment volume reaching several million sets. 

The YTM32B1H, an ISO26262 ASIL-D compliant product for high-end domain controllers, entered mass production in August 2023, with several clients currently undergoing mass production validation. YTMicro's product line now spans across the five major automotive domains - body, chassis, powertrain, cockpit, and autonomous driving.