Motorcomm Electronic Technology (SH:688515)2026-02-13 02:00Summary of Conference Call Notes Company Overview - Company: 裕太微电子 (Yutai Microelectronics) - Industry: Automotive and Networking Chipsets Key Points Automotive Sector - The YT78/79 series of automotive SerDes chips is on track for mass production in 2026, based on the HSMT public protocol from the automotive standards committee [1] - The chips have successfully completed interoperability testing with domestic competitors and are expected to receive certification from the China Automotive Chip Interoperability in Q2 [1] - The product supports data rates of 2-6.4 Gbps, with ESD protection up to 8kV and BCI interference resistance at 200mA [1] - The company is transitioning from single-point chips to system-level solutions, aiming to become a rare platform for domestic automotive high-speed communication chips [1] Networking Sector - The company’s 2.5G PHY chips are projected to generate over 140 million yuan in revenue in 2024, becoming a core growth driver due to the adoption of WiFi 7 [2] - The chips are being mass-produced for leading clients such as Huawei and Xiaomi, with the YT9230 series of switch chips set for full domestic production by the end of 2024 [2] - The new switch chips are designed to match international first-tier standards, filling the gap in the domestic mid-to-high-end switch chip market [2] Investment Outlook - The imminent mass production of automotive SerDes chips is expected to complete the "PHY+Switch+SerDes" communication matrix for vehicles [2] - Continuous development of networking products, including 2.5G PHY and multi-port switches, indicates a broad space for domestic replacement, reinforcing the company's unique market position [2] Additional Important Information - The company is enhancing its capabilities across the automotive data link upgrade spectrum, covering critical scenarios such as ADAS, LiDAR, and 360-degree surround view systems [1]