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China's Yitai Micro raises $30.1M for automotive Ethernet chips

Chinese semiconductor firm Yitai Micro has raised $30.1 million to develop automotive Ethernet chips, according to Dealroom data. The funding targets chips used for in-vehicle networking, a growing segment as cars add more connected systems and driver-assistance features. The investment adds to ongoing interest in China's domestic chip sector as automakers seek local suppliers for automotive electronics.

Why now: Investor and industry interest in automotive chip supply and China's semiconductor push is driving attention to the funding round.

Yitai MicroChina

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