Wednesday, March 23, 2016

GigOptix Gets Chinese Investment

San Jose-based communications semiconductor developer Gigoptix said Tuesday that it has received $5.0M in an investment from Chinese investor Shanghai Pudong Science and Technology Investment Co., Ltd (PDSTI). GigOptix, which is traded on the NYSE at GIG, said PDSTI will pay $2.85 per share for 1,754,385 shares of its stock. GigOptix develops optical components which are used in data centers, high speed optical, and wireless networking.