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GigOptix CFO Resigns

PALO ALTO, Calif. — 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 the resignation of its Chief Financial Officer, Ron Shelton, which will be effective February 1, 2011. Jeff Parsons, Corporate Controller, has been appointed Acting Chief Financial Officer and will assume the financial responsibilities of the Company on the effective date.

Parsons joined GigOptix in January 2010 as Corporate Controller. Prior to joining GigOptix, he was a consultant for various high technology companies from 2006-2009. From 2002 to 2005, he served as the corporate controller at Alliance Semiconductor and later served as CFO. From 2000 to 2001, Parsons served as the Director of Finance at Lara Networks. Prior to this time, he held various senior financial positions at Cirrus Logic, Cypress Semiconductor, and Cadence. He holds a Masters in Industrial Administration from Carnegie-Mellon and a BA in Economics from Vanderbilt University.

“I would like to thank Ron for his contributions over this past year with GigOptix, and I wish him well in his future endeavors,” said Dr. Avi Katz, GigOptix’s Chief Executive Officer and Chairman of the Board. “I am confident in Jeff Parsons’ ability to serve in the role of Acting Chief Financial Officer to maintain continuity of our financial management and controls. Jeff offers a wealth of industry experience and has become an integral part of the senior management team and is well suited to lead our financial team.”

{complink 10892|GigOptix Inc.}

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