In his famous letter in 1870, Maxwell describes how Joule's law can be violated only by the intelligent action of a mere guiding agent later coined as Maxwell's demon by Lord Kelvin. In this letter we study thermodynamics of information using an experimentally feasible Maxwell's demon setup based a single electron transistor capacitively coupled to a single electron box, where both the system and the Demon can be clearly identified. Such an engineered on-chip Demon measures and performes feedback on the system, which can be observed as cooling whose efficiency can be adjusted. We present a detailed analysis of the system and the Demon, including the second law of thermodynamics for bare and coarse grained entropy production and the flow of information as well as efficiency of information production and utilization. Our results demonstrate how information thermodynamics can be used to improve functionality of modern nanoscale devices.