GigOptix, Inc. (AMEX:GIG) acquired GSI Technology Inc. (NasdaqGS:GSIT)

GigOptix, Inc. (AMEX:GIG) acquired GSI Technology Inc. (NasdaqGS:GSIT), a company which designs, develops, and markets high-performance memory products primarily for the networking and telecommunications markets in the United States, China, Malaysia, and Singapore.