A backbone engineering strategy is developed to tune the mechanical and electrical properties of conjugated polymer semiconductors. Four Donor–Acceptor (D–A) polymers, named PTDPPSe, PTDPPTT, PTDPPBT, and PTDPPTVT, are synthesized using selenophene (Se), thienothiophene (TT), bithiophene (BT), and thienylenevinylenethiophene (TVT) as the donors and siloxane side chain modified diketopyrrolopyrrole (DPP) as acceptor. The influences of the donor structure on the polymer energy level, film morphology, molecular stacking, carrier transport properties, and tensile properties are all examined. The films of PTDPPSe show the best stretchability with crack‐onset‐strain greater than 100%, but the worst electrical properties with a mobility of only 0.54 cm2 V−1 s−1. The replacement of the Se donor with larger conjugated donors, that is, TT, BT, and TVT, significantly improves the mobility of conjugated polymers but also leads to reduced stretchability. Remarkably, PTDPPBT exhibits moderate stretchability with crack‐onset‐strain ≈50% and excellent electrical properties. At 50% strain, it has a mobility of 2.37 cm2 V−1 s−1 parallel to the stretched direction, which is higher than the mobility of most stretchable conjugated polymers in this stretching state.