China’s auto-grade chip maker Tinychip closes new strategic funding round

Shanghai (Gasgoo)- Recently, Shanghai Tinychip Limited (hereafter "Tinychip"), a leading mixed-signal automotive-grade chip manufacturer in China, announced the completion of a new round of strategic financing with tens of millions of yuan raised, according to a post on the company’s WeChat account. Chongqing BOAO Industrial Co., Ltd. serves as the strategic investor of the fresh round.

Founded in September 2019, Tinychip has experienced rapid development over four years, establishing a complete product matrix in the field of automotive-grade MCUs, with products catering to multiple applications related to automotive sensing and actuation. The company said its automotive-grade touch control chips have become a leading product in China and are adopted by numerous automakers, including Volkswagen, Geely, Huawei, GAC Group, Toyota Motor, and General Motors. Tinychip's integrated ambient light driving chips, as scarce products with high reliability and cost-effectiveness, have been successfully introduced to nearly all top-tier ambient light component manufacturers in China, securing dozens of designated projects with various car factories and entering mass production. Besides, its integrated micro-motor driving chips have also been adopted in several projects due to their high integration, cost-effectiveness, compatibility with various motors, and a complete set of algorithms and solutions, in applications such as air conditioning vents, thermal management, seat ventilation, and AGS.

The company added as an early proponent and practitioner of the "MCU+" model, Tinychip has, after years of accumulation and iteration, developed a mature approach to defining, developing, and selling specialized chip products. At the time when the counts of chips per vehicle are rapidly increasing and cost sensitivity is a concern, high integration is an inevitable trend for automotive chips. Against this backdrop, Tinychip will also continue to launch more specialized chips to meet market demands.