Yitai Microelectronics Completes Pre-A++ Round of Financing to Strengthen Its Automotive Ethernet Chip Business

On July 4, Nanjing Yitai Micro, a supplier of automotive Ethernet chips, announced the completion of its Pre-A++ round of financing, invested by Cornerstone Venture Capital, and the company's valuation was around 500 million yuan. Yitai Microelectronics was founded in 2022 and is a supplier of automotive Ethernet chips. The company has launched a complete set of automotive-grade TSN Ethernet chips.