GigOptix Offers Its Custom Structured ASIC Solutions for Rapid Productization of Cryptocurrency Bit Mining Chip and Application with Partners

SAN JOSE, Calif. --Feb. 3, 2014 -- GigOptix, Inc. (NYSE MKT: GIG), a leading supplier of advanced high speed semiconductor components and Structured ASIC chips for use in various areas such as Cloud connectivity, data centers, consumer electronics links and interactive applications, through optical and wireless communications networks, today announced that its Custom Structured ASIC applications are establishing GigOptix as one the foremost providers of ASICs for the fast growing cryptocurrency bit mining market.

Based on recent product releases, the combination of GigOptix’s leading Structured ASIC and Standard Cell technology have proven the customizable CMOS platform to be a cost effective, high-performance structured ASIC solution with a dramatically reduced product turnaround time compared to traditional ASIC sources. This makes it an excellent offering to address the recently emerging computationally intensive cryptocurrency applications like Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE), Ripple (XRP), Peercoin (PPC), Mastercoin (MSC), and Namecoin (NMC).

“GigOptix Structured ASICs provide a quickly deployed, low cost alternative in high-speed systems where FPGAs have been traditionally employed. We are pleased to see a strong interest in cryptocurrency applications where high speed is paramount and low power is becoming more important,” said Anil Chaudhry, Vice President and General Manager of the ASIC Product Line at GigOptix. “Many cryptocurrencies have increasing computational complexity with rapid design cycles, which GigOptix Structured ASICs know-how and Intellectual Property (IP) address efficiently through advanced CMOS processes and fast turnaround times. We take care of the productized silicon so that our customers – from recreational hobbyists to the most advanced commercial digital drilling operations – can focus on their algorithms and system interaction.”

GigOptix’s Custom Structured ASIC technology requires customization of only the metal interconnect layers, making the development cost a fraction of the upfront Non-Recurring Engineering (NRE) investment normally required by other suppliers for a fully custom Standard Cell ASIC. GigOptix technology enables the bit mining system developers to access the necessary technology for building ASICs at an affordable upfront cost instead of using high powered, high cost FPGA’s or high NRE fully custom Standard Cell ASICs. The reduced manufacturing turnaround times associated with GigOptix Custom Structured ASICs are a further advantage to the bit mining community, where fast time to market is critical to the successful deployment of new systems.

GigOptix is actively engaged as a partner for silicon manufacturing for the bit mining community’s newest ASIC designs, with a wide range of applications from the smallest silicon geometries to larger process nodes. This enables a variety of project scales and related budgets, thus minimizing the upfront development costs normally associated with this type of ASIC development. By leveraging robust customization, developers will benefit from lower development costs while delivering a faster time to market.

GigOptix ASIC Applications

For ASIC applications, GigOptix provides the broadest offering of value-added ASIC solutions, including Standard Cell, Structured ASIC and Custom Structured ASIC technologies. GigOptix has completed more than 2000 ASIC designs over its history. A rich portfolio of analog and digital IP’s particularly for optical applications and complimentary technical skills in analog and digital design, enables GigOptix to develop new products and expand its offering for various applications for established and emerging technologies.

About GigOptix, Inc.

GigOptix is a leading fabless supplier of high speed semiconductor components that enable end-to-end information streaming over optical and wireless networks. The products address long haul and metro telecom applications as well as emerging high-growth opportunities for Cloud and data centers connectivity, and interactive applications for consumer electronics. GigOptix offers a unique broad portfolio of Drivers and TIAs for 40Gbps, 100Gbps and 400Gbps fiber-optic telecommunications and data-communications networks, and high performance MMIC solutions that enable next generation wireless microwave systems up to 90GHz. GigOptix also offers a wide range of digital and mixed-signal ASIC solutions and enables product lifetime extension through its GigOptix Sunset Rescue Program.