Diodes-China and Diodes-Shanghai, both located in  Shanghai, China, are our 95% owned joint venture  manufacturing facilities. Since Diodes-China’s inception  in 1995, we have invested approximately $77 million in plant and state-of-the-art equipment in China. Both facto- ries manufacture product for sale by our U.S. and Asian  operations, and also sell to external customers as well. Our corporate headquarters located just outside Los  Angeles in Westlake Village, California, which provides  sales, marketing, engineering, logistics and warehousing  functions, sells primarily to North American manu- facturers and distributors (38% of 2004 sales). Due to  the manufacturing shift, the North American discrete  semiconductor market is now the smallest market and  its growth rate is far less than all other markets. The  majority of our applications engineers are located in  the U.S. in order to work with the customers’ design  engineers. Whether the end-application is ultimately  manufactured in the U.S. or in Asia, our world-wide  sales organization is well positioned to provide sales and  support to the customer.  At Diodes-China and Diodes-Shanghai, silicon wafers  are received and inspected in a highly controlled “clean  room” environment awaiting the assembly operation. At the first step of assembly, the wafers are sawn with  very thin, high speed diamond blades into tiny semi- conductor “dice”, numbering as many as 200,000 per 5"  diameter wafer. Dice are then loaded onto a handler,  which automatically places the dice, one by one, onto  lead frames, which are package specific, where they are  bonded to the lead frame pad. Next, automatic wire  bonders make the necessary electrical connections from  the die to the leads of the lead frame, using micro-thin  gold wire. The fully automatic assembly machinery then  molds the epoxy case around the die and lead frame to  produce the desired semiconductor product. After a trim,  form, test, mark and re-test operation, the parts are  placed into special carrier housings and a cover tape seals  the parts in place. The taped parts are then spooled onto  reels and boxed for shipment. In order to take advantage of the relatively robust  European market, offices in Toulouse, France and Hat- tenheim, Germany support our European sales expan- sion (3% of 2004 sales). Asian sales are also generated from Shanghai  KaiHong Electronics Co., Ltd. (“Diodes-China”  or “KaiHong”), and Diodes-Shanghai, 95% owned  manufacturing facilities in Shanghai, China, with  offices in Shanghai and Shenzhen, China, as well as  from FabTech Incorporated (“Diodes-FabTech” or  “FabTech”), a silicon wafer manufacturer acquired in  December 2000 located near Kansas City, Missouri. Revenues were derived from the following countries  ( All Others  represents countries with less than 8% of total  revenues each) (in thousands): Acquired from Lite-On Semiconductor Corporation  (“LSC”), our largest shareholder, in December 2000, our wafer foundry, Diodes-FabTech, is located in Lee’s  Summit, Missouri. Diodes-FabTech manufactures  primarily 5-inch silicon wafers, which are the building  blocks for semiconductors. FabTech purchases polished  silicon wafers and then, by using various technologies  and patents, in conjunction with many chemicals and  gases, fabricates several layers on the wafers, including  epitaxial silicon, ion implants, dielectrics and metals,  with various patterns. Depending upon these layers and  the die size (which is determined during the photo- lithography process and completed at the customer’s  packaging site where the wafer is sawn into square or  rectangular die), different types of wafers with various  currents, voltages and switching speeds are produced. 15 2003 Revenue  % of Total Revenue United States  $ 41,593  30.4 Taiwan 38,087  27.8 China  25,908  18.9 Korea  14,455  10.6 All Others  16,862  12.3 Total $ 136,905  100.0 2004 Revenue  % of Total Revenue United States  $ 53,204  28.6 Taiwan 50.716  27.3 China  44,311  23.9 Korea  16,447  8.9 All Others  21,025  11.3 Total $ 185,703  100.0 Manufacturing and Significant Vendors