GigOptix Announces Pricing of Public Offering

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Palo Alto, CA --(www.USEquityNews.com)-- 07/05/2010 - GigOptix (OTCBB: GGOX), a leading supplier of electronic and electro-optic semiconductor products for optical communications systems, today announced the pricing of a public offering of 2,460,000 shares of common stock at a price of $1.75 per share. GigOptix has granted the underwriters a 30-day option to purchase up to 300,000 additional shares to cover over-allotments, if any. The offering is expected to close on or about July 8, 2010, subject to customary closing conditions. If the underwriters exercise their over-allotment option in full, the proceeds of the offering will be approximately $4.8 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by GigOptix of approximately $1 million.


Roth Capital Partners, LLC is acting as the sole manager of this offering. Nixon Peabody LLP is counsel to GigOptix and Lowenstein Sandler PC is counsel to Roth Capital Partners. The offering is being made under GigOptix' registration statement on Form S-1 filed with the Securities and Exchange Commission relating to the shares of GigOptix' common stock, which was declared effective by the Securities and Exchange Commission on July 1, 2010. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The public offering is made solely by means of a prospectus. A preliminary prospectus supplement relating to the offering has been filed with the Securities and Exchange Commission. A copy of the prospectus and final prospectus supplement can be obtained by contacting Roth Capital Partners, LLC, Attention: Prospectus Department, 24 Corporate Plaza Drive, Newport Beach, CA 92660, 800-678-9147.

Dr. Avi Katz, President and Chief Executive Officer stated, "We are pleased to have raised these additional funds in this challenging market environment that will enable us to accelerate our ongoing growth and customer penetration. GigOptix welcomes these new investors as we strive to expand the institutional holdings within our shareholder base. The proceeds from this offering further strengthen the Company's financial foundation."

About GigOptix, Inc.

GigOptix is a fabless manufacturer of high performance electronic and electro-optic semiconductor products that enable high speed telecommunications and data-communications networks. The Company offers a broad portfolio of high speed electronic devices including polymer electro-optic modulators, modulator drivers, laser drivers and TIAs for telecom, datacom, Infiniband and consumer optical systems, covering serial and parallel communication technologies from 1G to 100G. GigOptix now also offers the widest range of mixed-signal and RF ASIC solutions in the market including Standard Cell, Hybrid and Structured ASICs targeting the Consumer, Industrial, Defense & Avionics industries. For more information, please visit www.GigOptix.com.

Forward Looking Statements

Statements made in this release, other than statements of historical fact, are forward-looking statements, including any statement that refers to expectations, projections or other characterizations of future events or circumstances and those which can be identified by the use of forward-looking terminology such as "expects," "plans," "may," "should," "believes" or "anticipates" and other similar expressions. Forward-looking statements are subject to a number of known and unknown risks, which might cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include the satisfaction of conditions for closing of the offering, and those risks described in GigOptix' periodic reports filed with the SEC, and in news releases and other communications. GigOptix disclaims any intention or duty to update any forward-looking statements made in this release.

Contact Information:
Contacts
Media Contact:
GigOptix, Inc.
Padraig O’Mathuna, VP of Marketing
650-424-1937
pomathuna@gigoptix.com
or
Investor Contact:
Shelton Group Investor Relations
Leanne Sievers, EVP
949-224-3874
lsievers@sheltongroup.com

U.S. Equity News
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