PALO ALTO, Calif., Apr 29, 2010 (BUSINESS WIRE) --GigOptix, Inc. (OTCBB: GGOX), a leading supplier of electronic and electro-optic semiconductor products for fiber-optic communications systems today announced that it has established a new credit facility with Silicon Valley Bank ("SVB"). This new facility provides the company with lower interest rates, less restrictive covenants and more flexibility with respect to its borrowing base. GigOptix has restructured and consolidated its other outstanding debt instruments with SVB, a leading provider of diversified financial services to emerging growth and established technology companies.
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Rick Tu of Silicon Valley Bank commented, "We welcome the opportunity to partner with GigOptix and offer a compelling financing solution that will enable the company to achieve its next stage of growth."For more information, please see