Abstract: Simultaneously achieving high strength and high electrical conductivity in Cu–Ni–Si alloys pose a significant challenge, which greatly constrains its applications in the electronics industry. This paper offers a new pathway to improve properties, by preparation of nanometer lamellar discontinuous precipitates (DPs) arranged with the approximate same direction through a combination of deformation-aging and cold rolling process. The strengthening effect is primarily attributed to nanometer-lamellar DPs strengthening and dislocation strengthening mechanism. The accumulation of dislocations at the interface between nanometer lamellar DPs and matrix during cold deformation process can results in the decrease of dislocation density inside the matrix grains, leading to the acceptably slight reduction of electrical conductivity during cold rolling. The alloy exhibits an electrical conductivity of 45.32%IACS (international annealed copper standard, IACS), a tensile strength of 882.67 MPa, and a yield strength of 811.33 MPa by this method. This study can provide a guidance for the composition and microstructure design of a Cu–Ni–Si alloy in the future, by controlling the morphology and distribution of DPs.