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Nanjing Yitai Microelectronics Technology

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Semiconductor company developing Ethernet chips for advanced in-vehicle networking

Nanjing City, ChinaFounded 2022Transportation
Valuation $50–100M Last recorded · 2025
Total funding $10–50M Disclosed equity funding
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About Nanjing Yitai Microelectronics Technology

Nanjing Yitai Microelectronics Technology Co., Ltd. (also known as EtlChip) is a fabless semiconductor company established in 2022, specializing in high-performance communication chips for automotive and industrial applications. The company was founded by Zhong Jianfeng and is one of the few teams in China with the capability to develop a full stack of in-vehicle Ethernet chip solutions, including both Physical Layer (PHY) transceivers and Time-Sensitive Networking (TSN) Switch chips.

The company addresses the growing demand for high-speed in-vehicle communication driven by advancements in intelligent cockpits and autonomous driving. While the Chinese market for automotive Ethernet chips has been largely dependent on imports from international giants, EtlChip is focused on providing domestic alternatives. Its product portfolio includes industrial Ethernet chips, which are already in mass production, as well as automotive-grade chips. The company has developed China's first gigabit TSN Ethernet Switch chip, matching the performance of leading international products.

EtlChip serves original equipment manufacturers (OEMs) in the automotive sector, with its "Xingchen" series of switch chips and "Shanhai" series of PHY chips being designated for use in commercial vehicles, passenger cars, and L4 autonomous vehicles. The company projects large-scale application of its chips in vehicle models from 2025 to 2026. The business generates revenue through the sale of its chip products.

Since its founding, EtlChip has completed several funding rounds. After an angel and a Pre-A round in 2023, the company secured a Pre-A+ round in April 2024, led by Zhongke Chuangxing (CASSTAR), to fund further R&D and product delivery. More recently, in August 2025, it announced the completion of a nearly CNY 100 million Series A1 financing round co-led by Changjiang Securities Innovation Investment and CAS STAR.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2022
Headquarters
Nanjing City, China
Open positions
None listed
Dealroom signal
18.3/100
Industry
Transportation, Semiconductors
Sub-industry
Autonomous & Sensor Tech
Sector
Transportation, Semiconductor Designers and Manufacturers, Chips and Processors, SoC (System-on-Chip), DT and LS, science-based
Technology
Deep Tech, IoT InternetOfThings
Business model
Manufacturing
Client focus
b2b
Links
Website

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Dec 2025 $2.8M $69M Bojiang Capital Management Group ↗
SERIES A✓Equity / VC Aug 2025 $14M $55M Qianhai Pengchen Investment · Xi'an Zhongke Chuangxing Technology Incubator · Changjiang Capital ↗
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

8 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

  • Zhongke Chuangxing
  • Tongchuang Gongjin
  • Pengchen Capital
  • Yiqi Lihe

Series A4 investors entered at this stage

  • Qianhai Pengchen Investment
  • Xi'an Zhongke Chuangxing Technology Incubator
  • Changjiang Capital
  • Bojiang Capital Management Group
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Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇳 China · Nanjing City HQ
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Market sentiment

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