《商道创投网》2025年8月22日从官方获悉：南京奕泰微电子技术有限公司（简称"奕泰微"）近日完成 了由长江证券创新投、中科创星联合投资，老股东鹏晨投资持续跟投的近亿元A1轮融资。 《商道创投网》创业家会员·本轮融资用途是什么？ 奕泰微融资负责人王星辰表示：本轮资金将主要用于三方面——第一，加速车载千兆交换芯片的迭代与 ASIL-D级功能安全认证；第二，扩大工业交换芯片在机器人、低空飞行器等新场景的适配团队；第 三，增设华北、华南两大技术支持中心，缩短主机厂客户从评估到量产周期，全面迎接AI物理终端的 通信爆发窗口。 《商道创投网》创业家会员·单位简介 奕泰微2019年落地南京江北新区，核心成员均来自国际一线通信芯片厂。团队专注车规与工业级以太网 交换芯片，已实现从PHY到Switch全栈自研，产品在带宽、功耗、可靠性上均达到国际主流水准，并获 得多家主机厂定点。 中科创星董事总经理卢小保表示：汽车EE架构集中化趋势确定，车载以太网渗透率正从高端向中低端 快速下沉。奕泰微拥有完整且经验丰富的成建制团队，已完成从研发到量产的闭环，并率先拿到多家乘 用车厂SOP订单，具备稀缺国产替代能力。低空经济与人形机器人等新 ...

美国政府持续滥用出口管制机制，在芯片等高科技产品的对华出口中加强审核限制。据《日经亚洲》6 日报道，为防止美国收紧出口限制、阻碍本土自动驾驶和其他技术的发展，中国汽车制造商和芯片公司 正加紧行动，研发并采用国产产品或解决方案，以替换英伟达等外国芯片巨头的车载半导体。 最近的例子就有小鹏和蔚来。这两家原本主要由英伟达供应芯片的中国车企，都在最新推出的车型中搭 载了其自研芯片。 日媒报道提到，中国目前至少有10家新兴及老牌芯片企业，将汽车市场列为核心发展赛道。地平线、华 为海思、黑芝麻智能、芯驰科技、芯擎科技等中国芯片企业正快速崛起，不断拓展国内车企客户。 这一趋势也让中国头部芯片代工企业受益：行业龙头中芯国际目前的汽车及工业应用芯片制造占营收的 10%，而3年前这一比例尚不足3%；排名第二的华虹半导体同样在无锡扩建工厂，专攻车规级芯片生 产。 与此同时，比亚迪、广汽、一汽、长城、吉利等越来越多的中国车企，正积极投资于芯片研发、制造和 封装领域。 报道认为，这将给英伟达带来新的冲击。该公司已疲于应对美国反复无常的限制措施，近期更因"后 门"问题被中方相关部门约谈，被要求就对华销售的H20算力芯片存在的漏洞后门安全 ...

Group 1 - Chinese automotive manufacturers and chip companies are accelerating the replacement of foreign chip products, particularly from Nvidia [1] - Domestic chip developers such as Horizon Robotics, Huawei HiSilicon, and others are gaining traction among local automotive manufacturers [1][3] - The revenue from automotive and industrial application chips for domestic foundries has increased from less than 3% in 2020 to 10% currently [1] Group 2 - Chinese automakers, including Xpeng and NIO, are investing in self-developed chips, with projections indicating that by 2025, Chinese brands could account for 15%-20% of the total automotive chip supply [3] - The U.S. government has imposed restrictions on the export of advanced chips to China, impacting the options available for Chinese chip developers [4] - Nvidia faces ongoing regulatory challenges and scrutiny from the Chinese government, despite resuming supply of its H20 chip to China [6] Group 3 - China is expected to increase its self-sufficiency in microcontroller (MCU) chips from 19% in 2024 to 67% by 2030, with significant growth in domestic production of silicon carbide power switch chips [8] - The market for automotive digitalization is rapidly expanding, providing opportunities for new entrants in the chip sector [8] - There are challenges in producing advanced technologies like smart cockpit and autonomous driving chips due to manufacturing capacity limitations [8]

Core Viewpoint - Shanghai Awinic Technology Co., Ltd. is focusing on raising funds through convertible bonds to enhance its research and development capabilities in the semiconductor industry, particularly in high-performance mixed-signal chips, power management, and signal chain technologies, to meet the growing demand in various applications such as consumer electronics, automotive, and industrial sectors [1][2][3]. Group 1: Company's Main Business - The company specializes in integrated circuit design, particularly in high-performance mixed-signal, power management, and signal chain chips, with over 1,400 product models and annual sales exceeding 6 billion units by the end of 2024 [1][11]. - The company has established a strong technical foundation and competitive advantage in the high-performance mixed-signal chip sector, continuously innovating and expanding its product categories to meet domestic demand for localization [2][3]. Group 2: Fundraising and Investment Plans - The total amount to be raised through the issuance of convertible bonds is not to exceed 1,901.32 million yuan, which will be allocated primarily to the development and industrialization of edge AI and supporting chips [3][4]. - The company plans to invest in a global R&D center to enhance research efficiency and support the development of its core product lines, including mixed-signal chips, power management chips, and signal chain chips [5][6]. Group 3: Project Necessity and Feasibility - The establishment of the global R&D center is crucial for improving the company's research environment, meeting the increasing demand for R&D projects, and achieving cost reduction and efficiency enhancement [8][9]. - The project aligns with national policies supporting the semiconductor industry, providing a favorable environment for its implementation [10][28]. Group 4: Market Opportunities - The edge AI market is experiencing rapid growth, with a projected market size of 193.9 billion yuan in 2023, and the company aims to capitalize on this trend by developing compatible chips [17][21]. - The automotive chip market is also expanding, driven by the increasing demand for electric and intelligent vehicles, with the company planning to develop a range of automotive chips to enhance its competitive position [22][31].

Core Insights - The automotive chip market, previously heavily reliant on imports, is undergoing significant changes as companies like NIO develop their own chips, such as the "Shenji NX9031" [3][5] - The Chinese automotive industry is aiming to increase its domestic chip supply rate from under 10% to 30%-35%, driven by the need for self-sufficiency highlighted during the global chip shortage [4][5] - Companies are investing heavily in R&D for automotive chips, with NIO and other manufacturers pursuing self-developed solutions to enhance performance and reduce costs [7][10] Industry Trends - The automotive chip market is expected to grow rapidly, with the market size projected to expand from 37.1 billion yuan in 2024 to 85.8 billion yuan by 2029 [6] - The reliance on foreign chips remains high, with over 90% of automotive chips in China imported, and 99% for computing and control chips [4] - The shift towards domestic chip production is seen as a critical opportunity for local manufacturers, especially in high-end chips [5][6] Company Developments - NIO's self-developed chip "Shenji NX9031" is reported to outperform four NVIDIA Orin-X chips, significantly enhancing vehicle safety and user experience [7][10] - Naxin Microelectronics, a leading domestic analog chip manufacturer, has achieved a compound annual growth rate of 36.4% in automotive electronics revenue from 2022 to 2024 [5][6] - Traditional automakers like Geely and Dongfeng are focusing on partnerships and investments in chip companies to bolster their technological capabilities [8][9] Challenges and Opportunities - The automotive chip development process is lengthy and costly, often taking 2-4 years for certification, which poses challenges for companies like Intel, leading to a strategic retreat from the automotive sector [10][11] - The need for high reliability and safety standards in automotive chips complicates the development process, requiring extensive testing and validation [11] - Despite challenges, the push for self-sufficiency in chip production presents a significant opportunity for growth in the domestic semiconductor industry [4][5]

Core Viewpoint - Chinese automotive companies are accelerating the localization of automotive chips, aiming for 100% domestic production by 2027, driven by policy guidance and market awareness, significantly impacting the global chip landscape [1]. Group 1: Chip Classification and Current Status - Automotive chips are essential for the "soft and hard integration" architecture of modern vehicles, with a single vehicle typically requiring hundreds of chips across various functions [5]. - Chips can be categorized into five types: main control (e.g., MCU, SoC), communication (e.g., CAN/LIN/Ethernet transceivers), power (e.g., IGBT drivers), sensor (e.g., millimeter-wave radar front-end), and functional safety chips (e.g., TPM) [6]. - Chinese chip manufacturers have made breakthroughs primarily in main control and communication chip products [6][8]. Group 2: Current Developments in Domestic Chip Production - Companies like Neusoft Carrier, Jiefa Technology, and Huada Semiconductor have launched automotive-grade MCU products that meet AEC-Q100 certification, supporting ISO 26262 safety standards [8]. - In the communication chip sector, companies such as Xingyu Technology and Xinyi Information have achieved small-scale production of domestic CAN and Ethernet PHY chips, with some products entering the vehicle development cycle [8]. - High-performance intelligent driving SoC chips are still dominated by a few companies, with examples like Horizon's Journey series and Huawei's Kirin series, which are being deployed in various vehicle models [9]. Group 3: Trends in Chip Research and Development - Chinese automotive companies are transitioning from being "chip purchasers" to "chip architecture participants" and even "definers," with firms like XPeng leading the way in self-developed AI chip strategies [10]. - The evolution of hardware architecture is moving towards SoC integration platforms that emphasize multi-domain collaboration, requiring chip companies to possess both hardware design capabilities and a complete software SDK stack [12]. - Collaborations between automotive and chip companies are increasing, with examples including Geely's partnership with Hezhima for intelligent driving platforms and BYD's full-stack self-research model for core modules [13][15].

Core Viewpoint - The article emphasizes the importance of mastering key technologies and maintaining control over the manufacturing sector, particularly in the automotive industry, where China is accelerating its leadership in the global electric vehicle market. The urgent need to address the domestic automotive chip supply chain issues is highlighted [1]. Group 1: Chip Development and Innovation - China Electronics Technology Group Corporation (CETC) is advancing its business layout to create a reliable and low-cost automotive chip supply chain, focusing on key technology development for "bottleneck" chips [1][2]. - CETC has achieved significant milestones in the development of various automotive chips, including over 50 types across seven categories, with 12 new models certified and 8 key products included in industry recommendations for mass production [2]. - The company has successfully supplied over 10 million power chips, meeting the needs of more than 2.5 million electric vehicles, and has made breakthroughs in SiC MOSFET technology [2]. Group 2: Application and Verification - CETC is actively optimizing designs and validating domestic chips in various automotive systems, delivering over 9 million automotive electronic products to mainstream car manufacturers [3]. - The company has developed a T-BOX production line that utilizes self-developed control chips for automated production, enhancing the integration of various sensing technologies in intelligent driving products [3]. Group 3: Software Adaptation and Ecosystem - In 2024, CETC was recognized as one of the first central state-owned enterprises to contribute to open-source ecosystem construction, launching the "EasyXMen" safety vehicle control operating system [4]. - The company has completed the adaptation of 17 chip models within its vehicle control operating system, facilitating the integration of advanced driver-assistance systems (ADAS) and other applications [4]. Group 4: Production Capacity and Technological Advancements - CETC has made significant technological breakthroughs in chip manufacturing processes, covering various technologies such as E-flash, CMOS, and SiC MOSFET, to meet the demand for automotive chips [5]. - The establishment of a reliable supply chain for automotive chips is supported by the completion of quality certification for multiple production lines, including a 6-inch specialty analog integrated circuit line [5]. Group 5: Strategic Planning and Resource Allocation - CETC is actively undertaking numerous major tasks and projects, leveraging national and local financial support, and planning to introduce social equity investment funds to bolster automotive chip technology and industry development [6]. - The company aims to cultivate new productive forces and advantages through targeted technological breakthroughs and product development [6]. Group 6: Quality Assurance and Standards - CETC has achieved multiple quality management certifications and is advancing the certification of core chips for functional safety, enhancing its capability to support high-quality transformation [7]. - The company is committed to implementing national policies and advancing the automotive chip business to ensure the safety of the supply chain [7].

Summary of Conference Call Records Industry Overview: Automotive Chips and Components Key Points on Automotive Chips - Lei Jun, founder of Xiaomi, announced that Xiaomi's automotive chips are expected to be launched soon, with the company projected to hold the largest market share among domestic manufacturers for automotive simulation chips in 2024 [1] - The automotive chip market in China is anticipated to reach 120 billion yuan in 2024 and exceed 300 billion yuan by 2030, reflecting a compound annual growth rate (CAGR) of over 25% [1] - Domestic automotive manufacturers are focusing on both electrification and intelligence, actively promoting the localization of automotive chips, transitioning from product development to large-scale sales [1][2] Key Points on Automotive Components - The Ministry of Industry and Information Technology, along with four other departments, is organizing the 2025 New Energy Vehicle (NEV) promotion activities in rural areas, aiming to enhance NEV penetration rates [3] - The initiative will target counties with low NEV adoption rates and will include various promotional activities, encouraging participation from manufacturers, sales, and service providers [3] - WanTong Intelligent Control is noted as one of the earliest developers of Tire Pressure Monitoring System (TPMS) sensors in China, supplying to major manufacturers like BAIC Arcfox and Tesla [4] Market Dynamics - The penetration rate of new energy vehicles in lower-tier cities is significantly lower than in first- and second-tier cities, indicating substantial growth potential [4] - Analysts predict that the automotive sector is entering a phase of high sales growth, driven by new vehicle launches and advancements in technology [4] - The automotive parts sector is seeing increased demand for components such as high polymer fluid pipeline systems and sealing systems for new energy vehicles [4] Additional Insights - Xiaomi's investment in robotics and automotive technology is part of a broader trend of technology companies entering the automotive space, which may lead to increased competition and innovation in the automotive chip market [1] - The collaboration between companies like Xiaomi and commercial suppliers in areas such as laser radar and battery management systems indicates a growing ecosystem of partnerships aimed at enhancing automotive technology [2] - The government's initiatives to promote NEVs in rural areas are expected to create new market opportunities and drive demand for automotive components and services [3] Conclusion The automotive chip and component industry in China is poised for significant growth, driven by technological advancements, government initiatives, and increasing consumer demand for new energy vehicles. Companies like Xiaomi and WanTong Intelligent Control are at the forefront of this transformation, highlighting the dynamic nature of the market.

Investment Rating - The report maintains a "Buy" rating for the company [3] Core Insights - The company reported better-than-expected performance in Q1 2025, with revenue reaching 717 million yuan, a year-on-year increase of 97.8% [8] - The automotive electronics business is a key growth driver, with revenue from this segment exceeding 36% in 2024 [8] - The company has adjusted its revenue forecasts for 2025 and 2026 to 2.93 billion yuan and 4.09 billion yuan respectively, reflecting strong demand in the automotive chip market [8] Financial Data and Profit Forecast - Total revenue for 2024 was 1.96 billion yuan, with a year-on-year growth of 49.5% [8] - The company expects to achieve a net profit of 186 million yuan by 2027, with a significant turnaround from a net loss of 403 million yuan in 2024 [7][10] - The gross margin is projected to improve from 32.7% in 2024 to 35.7% by 2027 [7]

Core Viewpoint - The "12th Automotive Electronics Innovation Conference and Automotive Chip Industry Ecosystem Development Forum (AEIF 2025)" will be held in Shanghai on May 14-15, focusing on cutting-edge, key, and disruptive technological breakthroughs in the automotive sector [1]. Group 1: Conference Overview - The conference will feature 1 summit forum, 1 supply-demand matching session, 3 thematic forums, and 1 product exhibition, with over a thousand attendees expected [2]. - The organizing committee aims to enhance connections between upstream and downstream players, expanding the coverage of vehicle manufacturers and parts suppliers, and providing more diverse showcasing opportunities for capable automotive chip companies [2]. Group 2: Agenda Highlights - The agenda includes various presentations on automotive chip solutions, such as high-performance AI cockpit systems, vehicle storage introductions, and applications of DSP chips in cabin audio [4][6][7]. - Notable speakers include industry leaders from companies like 瑞芯微电子, 普冉半导体, and 苏州国芯科技, discussing topics ranging from domestic chip solutions to advanced automotive technologies [4][6][7]. Group 3: Thematic Forums - The thematic forums will cover topics such as the automotive electronics industry ecosystem, smart connected and electric vehicles, and AI and autonomous driving [11][15][17]. - Key discussions will include the challenges and opportunities in the software-defined vehicle era, chip testing for automotive electronic quality, and the role of RISC-V architecture in promoting chip autonomy [12][14][18].