Guangzhou Electronic Technology Co., Ltd, formerly known as "Guangdong 701 Institute", was established in 1970. In 1978, it was merged into the Chinese Academy of Sciences and renamed the Guangzhou Institute of Electronic Technology of the Chinese Academy of Sciences. In December 2001, the company was reformed into an enterprise and registered for business registration. It changed name to "Guangzhou Electronic Technology Co., Ltd", and became a limited liability company directly controlled by the Chinese Academy of Sciences. Since its establishment, Guangzhou Electronic company has took on a number of key research projects and national natural science fund project, which made more than 100 scientific and technological achievements, won various prizes at 100, and more than 60 national patents authorization. These scientific and technological achievements have produced good economic benefits and made important contribution to local economic construction in Guangdong province.