The effects of the Mg/Si ratio and aging treatment on the strength and electrical conductivity of Al–Mg–Si 6201 conductor alloys were investigated. Four experimental alloys with different Mg/Si ratios of 2, 1.5, 1, and 0.86 and with a constant Mg level of 0.65 wt% were prepared. It was revealed that excessive Si (a low Mg/Si ratio) increased the peak strength, while the corresponding electrical conductivity decreased. To fulfill the minimum required electrical conductivity (52.5% IACS), the alloys with low Mg/Si ratios required a longer aging time after peak aging to improve electrical conductivity. The alloy with an Mg/Si ratio of ~1 was the best candidate, exhibiting the highest strength up to 54% IACS. On the high end of electrical conductivity (54–56% IACS), the alloy with an Mg/Si ratio of ~1.5 provides a better compromise between strength and electrical conductivity. Furthermore, the strengthening mechanisms and the factors influencing electrical conductivity were discussed for further optimization.