Yuxin Semi(Chinese: 舆芯半导体), an automotive chip company, has received nearly RMB 100 million angel funding round.
Founded in 2022, Yuxin Semi is an automotive-grade MCU chip company that provides unlimited chips, basic software, and components for new electrical and electronic architectures for power, chassis, engine, motor, area controller, BMS, and other scenarios. Headquartered in Jiaxing, Zhejiang Province, Yuxin Semi has three global divisions: automotive-grade chip design center, automotive-grade software design center, and automotive-grade application design center: Automotive Safety Chip Design Center, Automotive Safety Software Design Center, and Automotive Safety Application Design Center, located in California, USA, and Shanghai, Hangzhou, and Guangzhou, China, respectively. The company has a complete team from front-end to back-end design, and then to production testing, and has the ability to positively complete process design.
MCU is one of the most important chips for traditional fuel vehicles, and in the field of electric vehicles, MCU also has a wide range of applications, and with the continued development of automotive electronics, the market size of automotive MCU will continue to expand, according to IC insights data, the global market size of automotive-grade MCU is expected to reach $11 billion by 2026.
According to Yuxin Semi's founder and CEO Jin Gang, most companies choose to start from the easier scenarios such as windows, seats, and interior ambient lighting on the car body, and then move on to the safety scenarios such as the power chassis.
Yuxin Semi has chosen to launch products for core scenarios such as chassis and power domain initially, and then radiate to simple application controllers in the future.
Currently, the automotive MCU track is highly competitive, and there are many companies in China, such as Autochips (Chinese: 杰发科技), ChipON-IC (Chinese: 芯旺微), Siengine (Chinese: 芯擎) and Semidrive (Chinese: 芯驰). The leading suppliers of global automotive MCUs are Renesas Electronics(Chinese: 瑞萨电子), NXP(Chinese: 恩智浦), Infineon(Chinese: 英飞凌), Texas Instruments(Chinese: 德州仪器), Microchip Technology(Chinese: 微芯科技), STMicroelectronics(Chinese: 意法半导体) and other international giants.
Yuxin Semi is exclusively invested by Sunic Capital (Chinese: 临芯投资), and the funds will be mainly used for cutting-edge technology development, product technology upgrade, and high-end talent pool in the field of automotive chips.