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GigOptix to Hold Annual Meeting of Stockholders on October 27, 2010

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Posted October 5, 2010

PALO ALTO, Calif.--(BUSINESS WIRE)-- GigOptix, Inc. (OTCBB:GGOX), a leading supplier of high performance electronic and electro-optic components that enable next generation 40G and 100G optical networks, today announced that its Annual Meeting of Stockholders will be held on Wednesday, October 27, 2010 starting at 8:00 a.m. Pacific Time at the Company’s headquarters located at 2300 Geng Road, Suite 250, Palo Alto, California 94303. GigOptix’ Chairman of the Board and Chief Executive Officer, Dr. Avi Katz, will chair the meeting and provide a brief presentation.

In accordance with the United States Securities and Exchange Commission’s Notice and Access rule, GigOptix began distributing the “Notice of Internet Availability of Proxy Materials” to its stockholders on October 4, 2010, based on a record date of September 29, 2010, and furnish proxy materials via the Internet. GigOptix will provide a printed set of proxy materials by mail to any stockholder upon request. Stockholders may obtain hard copies of GigOptix’ proxy materials free of charge by following the instructions provided on its website at http://www.gigoptix.com/proxy.

About GigOptix, Inc.

GigOptix is a leading supplier of high performance electronic and electro-optic components that enable next generation 40G and 100G fiber-optic 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 receiver amplifiers for telecom, datacom, Infiniband and consumer optical systems, covering serial and parallel communication technologies from 1G to 100G. GigOptix 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.

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 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:

Media Contact:
GigOptix, Inc.
Parker Martineau, 650-424-1937
Corporate Communications Manager
pmartineau@gigoptix.com
or
Investor Contact:
Shelton Group Investor Relations
Leanne Sievers, EVP, 949-224-3874
lsievers@sheltongroup.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:   Technology  Data Management  Networks  Telecommunications

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