Portfolio - Hotung Capital Management Inc

Our investment criteria are to have a solid team, proven business model, unique technologies, significant entry barrier and market position and our typical investment sweet spot is between $1-6M dollars, dependent upon the stage of the companies.

Due to the synergistic effect and the added values Hotung can provide, our portfolio concentrate mainly in the semiconductor, telecommunication and software industries. Representative investments in semiconductor, telecom, software and other industries are as follows:

Cortina Systems is a leading supplier of intelligent communication solutions through continuous innovations in advanced port processing and intelligent port connectivity to the Core, Metro, Access and Enterprise Market Segments.

With our state of the art high speed analog digital integration, we deliver a wide suite of products that address our customers' performance, density and flexibility needs enabling faster time to- market, longer time-in-market, and increased revenue opportunities.

Working closely with our customers to understand their system requirements and anticipate their needs, we are creating the foundation ingredients for new generations of services.


	Summit Microelectronics is the leader in flexible, multiple-output power management solutions, for the consumer, communications and computing markets, integrating precision power regulation with sophisticated digital control in a single chip. Summit's unique programmable, non-volatile mixed-signal IC technology combined with a convenient graphical (GUI) development environment allows for unparalleled functional and parametric flexibility in power supply design. This flexibility applied to common problems such as dynamic voltage/current control and intelligent battery charging, allows for significant system performance improvement while realizing drastic reductions in design effort. Digital programmability enables high integration and system flexibility in a single chip - impossible with conventional hard-wired analog power IC's. Additionally, this integration reduces the bill-of-materials (BOM) yielding the lowest total system cost and size. Summit solutions address the biggest challenges facing OEM developers today: increasing system functionality, performance and complexity accompanied by shrinking development time cycles.


	AnalogicTech combines advanced power management circuit design with proprietary process technology. We are the first company to develop mid/deep sub-micron CMOS technology specifically for building analog and mixed-signal power management ICs and discrete devices in very advanced, yet cost-depreciated DRAM fabs. Our dedicated process integration team works inside our partners' wafer fabs, installing proprietary process technology and customizing it for each facility. This enables AnalogicTech to produce attractively-priced products with many competitive advantages, including higher efficiency, faster response time, lower power consumption, less resistance for lower heat generation, and denser designs with tighter integration in space-saving packages. TrenchDMOS AnalogicTech's proprietary TrenchDMOS process technology offers revolutionary density and power advantages. Delivering up to 9x more density than commonly used trench-gate MOSFET processes, our Power MOSFET product line delivers unprecedented size and performance advantages. The TrenchDMOS process achieves these advantages by delivering significantly higher channel density (and therefore lower on-resistance) than conventional Trench MOSFETs. AnalogicTech's TrenchDMOS process currently offers a density of 287 million cells per square inch, while conventional production Trench FETs only reach approximately 100 million cells per square inch. Our highly innovative process will scale up to much higher density levels in the near future. Prototypes are currently under development for a process that will reach densities of 650 million cells per square inch. Package Advancements Working with packaging partners, AnalogicTech develops new packages that optimize device performance, save space, and offer ease-of-use and low cost. As package size continues to shrink, AnalogicTech offers significant new developments. For instance, our SC70JW package measures only 2.1mm long (lead-to-lead) by 2mm wide (4.2mm2 footprint). The SC70JW encapsulates a great deal of functionality in the smallest possible package while using standard surface mount technology. The SC70JW offers a die-to-footprint ratio that is five times greater than the standard SC70 with excellent thermal resistance.


	Opnext was established in September 2000, created from the resources of the Fiber Optic Components Business Unit at Hitachi Ltd and funded by the Clarity Group. Building on three decades of advanced Hitachi technology and an admirable history in the field of optical components, we established our own broad portfolio of solutions. We continue to enjoy the full support of Hitachi's R&D efforts, including the Central Research Laboratory (CRL), Mechanical Engineering Research Laboratory (MERL), and Production Engineering Research Laboratory (PERL), to stay a step ahead of our markets and our customer's needs with best-quality components and innovative applications. Opnext was established with a commitment to quality. Today, and into the future, you'll find evidence of that commitment in our relationships with our customers, communities and peers and in every solution we deliver. The future looks bright


	Chelsio Communications is the market and technology leader for 10 Gigabit Ethernet adapters. Chelsio's board-level products employ the company's unique ICs that process compute-intensive communications protocols at 10Gbps rates. Unburdened of this communications-processing overhead, host servers and storage systems that use Chelsio adapters dramatically increase both applications performance, and communications bandwidth. Chelsio products accelerate network performance in enterprise data centers, high performance cluster computing (HPCC), enterprise-wide data storage systems, and post-production shops for digital film and video. Chelsio is a privately-held subsystems company in Sunnyvale, California.


	NextG is a facilities-based carrier's carrier that designs, permits, builds, owns, operates and manages Distributed Antenna System (DAS) networks that enhance wireless performance. NextG Networks? DAS networks balance the aesthetics requirements of communities and consumers with the network performance needs of wireless carriers. Performance improvements include increased voice quality, greater handling of call traffic, fewer dropped calls, better mobile coverage, faster file transfers, and enhanced video quality. NextG's innovative fiber-optic architecture, low-impact, low-emission equipment, and municipal rights-of-way agreements are the foundation of each NextG DAS Network. Because the networks are protocol and frequency neutral, they can carry cellular, PCS, 3G or any combination of wireless frequencies, standards and technologies. The networks serve residential, urban, and difficult-to-zone areas across the United States for numerous carriers of all sizes.


	Force10 Networks is a pioneer in building and securing reliable, high performance networks. Committed to delivering the innovative and reliable technology that will allow customers to transform their networks into strategic assets, Force10 has pioneered advances in high density Gigabit Ethernet and 10 Gigabit Ethernet switching, routing and security. With its no compromise approach to networking, Force10 enables customers to build and secure reliable networks at the lowest total cost of ownership. Force10 is a global company with offices and support centers around the world. Force10 customers include leading media companies, financial institutions, manufacturing organizations, search engines and portals, Web 2.0 companies, service providers, Internet exchanges and global research networks. These Force10 customers share one distinct characteristic - their network is their business. To meet the demands of the always-on networking environment, Force10 has developed Reliable Networking, which delivers the high availability, network control and scalability required to ensure network infrastructure flexibility and application readiness. With patented advances in high performance system and backplane design as well as switching and routing optimization technologies, Force10 delivers the tools that have allowed more than 400 enterprises, service providers and research organizations to transform their networks into a strategic asset.

We founded our company for the sole purpose of bringing the advantages of digital networking to the optical layer. And node by node, network by network, continent by continent, we're doing precisely that.

The Infinera Digital Optical Network is the first switched WDM system, utilizing our breakthrough Photonic Integration Circuits to provide unrivaled flexibility, capacity, and manageability. It's raising standards on a technical level, and lowering barriers from an economic perspective.

Our patented Photonic Integrated Circuit, or PIC, combines dozens of optical components onto two tiny chips, each about the size of a child's fingernail. Lasers, modulators, wavelength multiplexers and demultiplexers, photodetectors-They're all there, in one incredibly fast, unbelievably efficient package.

With Infinera PIC technology, service providers no longer need dozens of separate devices to extend the benefits of digital networks to the optical layer. Nor do they have to sacrifice flexibility and manageability by choosing to deploy all-optical (and essentially all-analog) networks.


	Motricity allows people everywhere to enjoy the independence and productivity of a Mobile Lifestyle - no matter when or where - through the access, delivery and control of mobile content. At the core of Motricity's managed service solution is the award-winning, carrier-grade mCore Platform. mCore is a comprehensive, modular platform that enables Motricity's customers and content providers to deliver mobile content including ringtones, games and graphics downloads.


	Since 1997, MarketTools has been focused on global research innovation. We offer companies and individuals the ability to continuously understand their target customers through unique approaches based on advanced technology, research expertise, and global market reach. MarketTools offers a full range of research applications and services that scale with customer requirements-from answering a highly targeted question to investigating broad and complex market opportunities. All MarketTools services, from leading web solutions that allow customers to design and deploy their own surveys to customized research studies, are supported by sophisticated research methodologies and advanced analysis tools. MarketTools directly manages a nationally-representative online panel of over 2.5 million individuals. And our global panel network extends to over 8 million individuals worldwide. Through Zoomerang?, the pioneer in online surveys, MarketTools provides the leading self-service platform and services for fast feedback. MarketTools provides organizations from small businesses to Fortune 500 companies with unique access to their target markets-to uncover unmet needs, reduce time to market and capture share. MarketTools is an active member of many international research organizations, including ESOMAR. We are pleased to have been recognized as a finalist for the American Marketing Association 2006 EXPLOR Award for innovative use of technology in market research and as a finalist in the "Most Innovative Company" category in The 2006 American Business Awards. MarketTools was also named to Deloitte's 2006 Technology Fast 50 in Silicon Valley and 2006 Technology Fast 500 rankings for fastest growing companies in North America.


	deCarta is the leading provider of advanced and comprehensive geospatial software platforms for today's cutting-edge Internet, mobile, personal navigation and enterprise location-based service (LBS) applications. deCarta's technology is a crucial link in the LBS value chain as it extends from base map data and content through to the application, service provider and on to the end-user. Our best-of-breed map management software platform solutions give LBS providers and applications developers the ability to quickly and easily integrate digital maps and database content drawn from multiple sources for fast and accurate access to the user. Our solutions are source-, platform-, and device-independent and highly scalable, providing customers with high flexibility, utility and unparalleled performance. In addition to licensing our software platform, deCarta also offers a Hosted Web Service for those customers wanting to use a Software as a Service (SaaS) model to gain access to high-performance maps, routes and other necessary geospatial functionality used in Internet, mobile and enterprise applications. deCarta's technology has proudly enabled some of the industry's most successful LBS applications such as those that have been deployed by Ask.com, AT&T, ATX Technologies, Google, Hotels.com, Maps.com, Qualcomm, Sprint Nextel, Sage-Quest, Verizon, Yahoo!, Zillow.com and many others. In a rapidly growing and evolving marketplace, deCarta is uniquely positioned to leverage its core strengths - server-side technology along with mobile and personal navigation expertise - to facilitate and deliver the next-generation personal navigation spatial technology and services required for Connected Navigation. Our success comes from teamwork. Drawing on the expertise and rich talents of our engineers, deCarta continually innovates and develops the leading-edge products and capabilities required to maintain our industry dominance, high customer satisfaction and market sector attractiveness.

Ellie Mae was founded to leverage the power of the Internet for mortgage brokers and originators. Our unifying mission is to empower the people who traditionally originate mortgages with the most effective technology support available today-enabling them to compete successfully with Internet

Every facet of the mortgage industry ecosystem can benefit from Ellie Mae's comprehensive business-to-business approach.

Mortgage brokers get free access to powerful Internet-transaction technology and low-cost Internet marketing programs-as well as a powerful, flexible software environment in which to manage daily tasks and strategic business development.
Lenders and settlement service providers enjoy streamlined access to a huge, Internet-enabled marketplace, with instantaneous, error-free loan and service transactions through branded storefronts on the ePASS® Network.
Realtors and other real estate professionals continue to profit from the services of trusted and long-established mortgage originators-only now with the added convenience of Internet-based transactions at Internet speeds.
Consumers enjoy the easy shopping experience, convenience, and empowerment offered by the Internet-combined with the ready assistance and expertise of established local mortgage professionals.

Ellie Mae provides a comprehensive line of products and services including the company's flagship Encompass? Mortgage Automation System, Contour? and Genesis 2000? loan origination software, Encompass Websites? for mortgage brokers, and Ellie Mae Docs? services for document processing. Ellie Mae's ePASS? Network is the mortgage industry's online transaction platform enabling 40,000+ mortgage companies in the United States to easily do business online with leading lenders and over 90,000 settlement service providers.

Ellie Mae has been recognized in each of the past three years as one of the fastest growing companies in the California Bay Area, and was named to the 2004 Inc. 500 list of America's fastest growing private companies.

Newegg.com is an online e-commerce company offering more than 25,000 computer hardware and software, consumer electronics and communications products in stock at competitive prices and ready to ship at lightning-speed.

Whether you are a do-it-yourselfer, hard-core gamer, student, stay-at-home parent, small to medium-sized business, IT professional, reseller or anyone desiring a comprehensive digital lifestyle, you'll enjoy shopping with us.

Newegg.com opened for business in 2001 and achieved $1.5 billion in annual sales in its first 6 years of operation. Inc. Magazine recently distinguished Newegg in its list of America's 500 Fastest-Growing Private Companies. We are one of four companies in the list's 25-year history to qualify on growth merits while also recording $1+ billion in annual sales.

Our passionate efforts fuel our rapid growth and loyal customer following. We emphasize a superior customer experience through a user-friendly website that continuously improves to serve our shopper's needs. We also emphasize superior logistics, and 99% of our orders ship same-day. Finally, we strive to provide the best customer service from any online retailer. More than 8+ million registered shoppers have applauded our efforts by rating us as one of the highest-rated online retailers in the world.

Our headquarters is located in City of Industry, California.