GigOptix Announces Low Risk Component Obsolescence Replacement Program

Sunset Rescue Program replaces obsolete ASICs and FPGAs with form-, fit- and function-equivalent ASIC

PALO ALTO, Calif. — (BUSINESS WIRE) — May 6, 2010 — GigOptix, Inc. (OTCBB: GGOX), a leading supplier of electronic and electro-optic semiconductor products for fiber-optic communications systems and ASIC products today announced its Sunset Rescue Program, a service that provides replacements for obsolete ASICs and FPGAs utilizing a proven methodology owned by GigOptix through its acquisition of ChipX in November 2009. The “Sunset Rescue” Program’s proven low risk methodology insures that the replacement ASIC is a drop-in-replacement and will meet the original component specifications and operate reliably in the customer’s system regardless of the original component’s process and geometry.

GigOptix uses an industry standard ASIC flow to port ASICs in the “Sunset Rescue” Program. Whether the original component’s design libraries are available or simply a library data book, GigOptix can convert the design to GigOptix Structured ASIC or standard cell and port the original test vectors to work on a GigOptix tester. ASIC timings are accurately mimicked on the new ASIC.

Component obsolescence costs the industry hundreds of millions of dollars annually, especially in markets with long product lifecycles such as optical communication, military, avionics and industrial equipment. “The experienced ASIC team at GigOptix has a rigorous methodology within the Sunset Rescue Program to insure the functional equivalency, footprint compatibility and timing adherence required for the ASIC to work seamlessly in the customer’s system,” said Anil Chaudhry, director of ASIC marketing. He added that GigOptix had successfully converted 8 ASICs to date from 0.8 micron to 0.18 micron saving customers $100K to $500K per year. One of the ASICs was originally designed with 3.3V Core, 0.35 micron Embedded Array technology in a 352BGA package and it was successfully converted into GigOptix 3.3V Core, 0.25 micron Standard technology with the same package and footprint.

For more information about porting a legacy ASIC, FPGA or Standard Product, please contact Email Contact.

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,” 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 whether the appropriations bill will receive legislative approval and ultimately become law, whether GigOptix will receive any funding, whether the modulator developed by GigOptix will be used by the Air Force, and those risks described in GigOptix's 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:
GigOptix, Inc.
Padraig O’Mathuna, 650-424-1937
VP of Marketing
Email Contact
or
Investor Relations:
Alliance Advisors, LLC
Alan Sheinwald, 914-669-0222
President
Email Contact




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