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The effect of the Ni/Si mass ratio and combined thermomechanical treatment on the microstructure and properties of ternary Cu-Ni-Si alloys is discussed systematically. The Cu-Ni-Si alloy with a Ni/Si mass ratio of 4–5 showed good comprehensive properties. Precipitates with disc-like shapes were confirmed as the Ni2Si phase with orthorhombic structure through transmission electron microscopy, high-resolution transmission electron microscopy, and 3D atom probe characterization. After the appropriate thermomechanical treatment, the studied alloy with a Ni/Si mass ratio of 4.2 exhibited excellent mechanical properties: a hardness of 290 HV, tensile strength of 855 MPa, yield strength of 782 MPa, and elongation of 4.5%. Compared with other approaches, the thermomechanical treatment increased the hardness and strength without sacrificing electrical conductivity. Theoretical calculations indicated that the high strength was primarily attributed to the Orowan precipitation strengthening and secondarily ascribed to the work hardening, which were highly consistent with the experimental results. The appropriate Ni/Si mass ratio with a low content of Ni and Si atoms shows high strength and excellent electrical conductivity through combined thermomechanical treatment. This work provides a guideline for the design and preparation of multicomponent Cu-Ni-Si-X alloys with ultrahigh strength and excellent electrical conductivity.

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