China Techfaith Wireless Communication Technology Limited (TechFaith) is a holding company. The Company is a original developed product provider focused on the design and development of handsets and sales of finished products to its local and international customers. The Company operates in three segments: sales of products, handset design services and wireless software and application. During the year ended December 31, 2008, product sales contributed over 90% of its revenues, while wireless software and application was in the start-up stage and did not generate revenues.