Vimicro Corporation was founded in 1999 at Zhongguancun, Beijing by several entrepreneurs from Silicon Valley, with initial support from the Ministry of Information Industry (MII). Dedicated to the development of advanced mixed-signal multimedia chips, Vimicro has successfully launched a series of products into domestic and international markets, targeting fast-growing application fields such as computer, broadband, mobile communication, and consumer electronics. Vimicro's chip solutions have been adopted by multi-national companies such as Sony, Samsung, HP, Philips, Fujitsu, Logitech, Lenovo, Bird and ZTE as well as domestic design houses. Vimicro Corporation has also established strategic partnerships with China Telecom, China Netcom, China Mobile, China Unicom, and Microsoft, and has carried out many key projects for the National Development and Reform Commission, Ministry of Information Industry, Ministry of Science and Technology, and Ministry of Commerce. Vimicro is now actively participating in the research and development of the standards and solutions for next generation broadband and mobile applications in China. Vimicro successfully completed its initial public offering on the Nasdaq Security Market on November 15th, 2005, becoming the first fabless chip company from China listed in NASDAQ.