Recently, Nanjing Yitai Microelectronics Technology Co., Ltd. (hereinafter referred to as "Yitai Microelectronics"), an enterprise invested by Nanjing Delian Xingyao Investment Center (Limited Partnership) (hereinafter referred to as "Delian Xingyao Fund") – a co-managed sub-fund of Nanjing Innovation Investment Group – announced the completion of a nearly RMB 100 million Series A1 financing round. This round of financing was jointly invested by Changjiang Securities Innovation Investment and CAS Star, with existing shareholder Pengchen Investment continuing to follow up with an investment.

Founded in August 2022, Yitai Microelectronics is one of the few domestic manufacturers capable of providing a full range of in-vehicle Ethernet chips (including TSN switch chips and PHY chips), filling the gap in China’s in-vehicle Switch chip sector. Its core product, the "Xingchen Series" in-vehicle Ethernet switch chips, boasts world-class performance, fully supports TSN functions, and can meet the high real-time and high-reliability communication requirements of autonomous driving. The products have obtained test certifications from many well-known original equipment manufacturers (OEMs) such as BYD, Li Auto, NIO, and Zeekr, and will be installed and deployed in new vehicle models from 2025 to 2026.  

Beyond the in-vehicle field, Yitai Microelectronics has also mass-produced its "Lingyun Series" industrial-grade Ethernet chips, which have passed the TSN interconnection test of the China Academy of Information and Communications Technology (CAICT) – making it the only domestic chip manufacturer to complete this test. The industrial chips have entered into strategic cooperation with leading enterprises such as Sanwang Communications and Maiwei Communications, and the industrialization process has been fully accelerated.  

Delian Xingyao Fund was established in February 2021 with a scale of RMB 700 million. Nanjing Emerging Industry Development Fund, entrusted to be managed by Venture Capital Group, participated in the investment with RMB 35 million. The fund manager is Delian Capital, which was founded in 2011 and has always focused on investments in technology and innovative healthcare, with key attention on segmented fields including pan-semiconductors, energy technology, intelligent equipment, artificial intelligence, innovative drugs, and medical technology. It identifies early-stage investment opportunities in technology-innovative enterprises and has invested in over 100 projects. Delian Xingyao Fund led the Series Pre-A financing of Yitai Microelectronics in June 2023; after the investment, it actively assisted the enterprise in introducing industrial resources and securing subsequent financing, providing comprehensive support to accelerate the enterprise’s development.  

Source: Fund Department, Wang Yanan  

Review: Xue Yao  

Release: You Yi