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The LY-706 provides Wi-Fi support through a Ralink RT2070L 802.11n Wireless LAN USB Adapter. The RT2070L appears to be one of Ralink's older, discontinued chips.
Oddly enough, the small PCB to which the IC is mounted has the markings for the Ralink RT3070--one of the company's newer Wi-Fi ICs.
Photo by: Bill Detwiler / TechRepublic
Caption by: Bill Detwiler