Hangzhou Youwang Electronics Co., Ltd. (referred to as Youwang) was established in April 1994 with a registered capital of 3 million U.S. dollars. It is located in Paradise Silicon Valley-Hangzhou High-tech (Binjiang) Technology Industrial Development Zone. (IDM Globalization International Group) and Hangzhou Shilan Microelectronics Co., Ltd. (stock code 600460) were established in a joint venture, which is mainly engaged in the research and development, production and sales of integrated circuits and discrete devices.