GigOptix Prices Stock Offering

PALO ALTO, Calif. -- GigOptix (OTCBB: GGOX - News), 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.”

GigOptix Inc. (OTC: GGOX)