Powerchip Semiconductor Corp.

Powerchip Semiconductor Corp. is principally engaged in the research, development, manufacture and sale of integrated circuits (ICs). The Company offers dynamic random access memory (DRAM) products, including synchronous dynamic random access memory (SDRAM) products, double-data rate (DDR) DRAM products, DDR2 DRAM products, Data Flash products, as well as wafer foundry services. The Company's products are applied in computer telecommunication and consumer electronic industries. During the year ended December 31, 2007, the Company obtained approximately 82% and 18% of its total revenue from its package elements and wafers, respectively. The Company primarily distributes its products in Asia. As of December 31, 2007, the Company had five major subsidiaries, including three wholly owned subsidiaries.