Hua Hong NEC is one of China's most advanced integrated circuit manufacturers, with China's first 8-inch foundry production line. Founded on July 17, 1997, the company was jointly established by Shanghai Huahong (Group) Co., Ltd., Japan's NEC and NEC (China) for a capital of 700 million U.S. dollars. Its main business scope includes the design, development, manufacture and sales of very large scale integrated circuits.