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

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