ZURICH, Switzerland, and SUNNYVALE, Calif. -- GigaTera Inc., a company developing high speed components for optical telecommunications networks, announced today that it has received an investment of US$ 2 million in venture financing from Cypress Semiconductor and its wholly owned subsidiary Silicon Light Machine, both based in Silicon Valley California. According to Andros Payne, CEO of GigaTera, “This investment and relationship with Cypress/Silicon Light Machines will help us to accelerate the development our first network-deployable product.” Payne added, “We are pleased to receive such a strong endorsement of our team and technology from Cypress and Silicon Light Machines, both technically savvy industry players.” According to Robert Corrigan, Senior Vice-President of Silicon Light Machines, “The investment relationship between Cypress/Silicon Light Machines and GigaTera is based on the recognition of a strong set of complimentary skills. There is significant potential for broader cooperation between our organizations in the future.” Corrigan will join the GigaTera board as an observer. GigaTera AGCypress Semiconductor Corp. Silicon Light Machines