PowerPoint presentation

GigOptix (GGOX.OB)

Corporate Presentation

May 2011

FILED BY GIGOPTIX, INC. AND ENDWAVE CORPORATION

PURSUANT TO RULE 425 UNDER THE

SECURITIES ACT OF 1933

SUBJECT COMPANY: GIGOPTIX, INC. AND ENDWAVE CORPORATION

Exhibit 99.2

Disclaimer

Forward Looking Statements:

This presentation contains statements regarding operating trends, future results, new projects, and other market, business and product trends that are

forward-looking. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or

otherwise. Additional factors that could cause actual results to differ are discussed under the heading "Risk Factors" and in other sections of the GigOptix and

Endwave filings with the SEC, and in GigOptix’s and Endwave’s other current and periodic reports filed or furnished from time to time with the SEC.

Use of Non-GAAP and Adjusted EBITDA Financial Measures:

These materials include references to non-GAAP revenue, non-GAAP net income/loss, Adjusted consolidated non-GAAP net income/loss, and Adjusted EBITDA.

GigOptix believes that these non-GAAP financial measures are important indicators of the ongoing operations of its business and provide better comparability

between reporting periods and provide a better baseline for analyzing trends in GigOptix’s operations. GigOptix does not, nor does it suggest that investors

should, consider such non-GAAP and Adjusted EBITDA financial measures in isolation from, or as a substitute for, financial information prepared in accordance

with GAAP. GigOptix believes the disclosure of the effects of these items increases the reader’s understanding of the underlying performance of the business

and that such non-GAAP and Adjusted EBITDA financial measures provide investors with an additional tool to evaluate our financial results and assess our

prospects for future performance.

Important Additional Information

In connection with the proposed transaction, GigOptix filed with the Securities and Exchange Commission (the “SEC”), and the SEC declared effective on May

13, 2011, a Registration Statement on Form S-4 that includes a proxy statement of Endwave and a prospectus of GigOptix. The definitive proxy

statement/prospectus has been mailed to stockholders of Endwave. GigOptix and Endwave urge investors and security holders to read the proxy

statement/prospectus regarding the proposed transaction because it will contain important information about the proposed transaction. You may obtain a free

copy of the proxy statement/prospectus and other related documents filed by GigOptix and Endwave with the SEC at the SEC’s web site at www.sec.gov. The

proxy statement/prospectus and other documents filed by GigOptix or Endwave with the SEC relating to the proposed transaction may also be obtained for

free by accessing GigOptix’s web site at www.gigoptix.com by clicking on the link for “Investor”, then clicking on the link for “SEC Filings”, or by accessing

Endwave’s web site at www.endwave.com and clicking on the “Company” link and then clicking on the link for “SEC Filings” underneath the heading “Investor

Relations”.

Participants in the Merger

GigOptix, Endwave and their respective directors, executive officers and certain other members of management and employees may be deemed to be

participants in the solicitation of proxies from Endwave stockholders in connection with the proposed transaction. Information regarding the persons who may,

under the rules of the SEC, be considered participants in the solicitation of Endwave stockholders in connection with the proposed transaction, including the

interests of such participants in the proposed transaction, will be set forth in the definitive proxy statement/prospectus. You can find information about

GigOptix’s executive officers and directors in GigOptix’s definitive proxy statement filed with the SEC on October 28, 2010. You can find information about

Endwave’s executive officers and directors in Endwave’s definitive proxy statement filed with the SEC on June 11, 2010. You can obtain free copies of these

documents from the sources indicated above. You may obtain additional information regarding the direct and indirect interests of GigOptix, Endwave and their

respective executive officers and directors in the merger by reading the definitive proxy statement/prospectus regarding the merger.

Leading supplier of network

interface devices enabling high

speed data communication

Solution portfolio spanning

communication spectrum from

fiber optics to high speed

wireless mobile backhaul

GigOptix, Inc.

Pending Development: Acquisition of Endwave (ENWV)

Served Markets:

Optical Communications

Datacom and Telecom Networks

Military/Aerospace

High Speed Wireless Communications

Point-to-Point radio for mobile back haul

Military/Aerospace/Automotive

Products:

High speed analog ICs

High frequency analog ICs

High speed optical modulators

High speed wireless front ends

Structured and Standard Cell ASICs

SLIDE REFLECTS GIGOPTIX, INC. UPON COMPLETION OF MERGER WITH ENDWAVE

Core

Routers

Satellite

Communication

Airborne

Communication

Metro

Routers

Satellite

Ground Station

Base Station

Backhaul

Submarine

Networks

Access

Metro

Enterprise

Datacenter

Core

DWDM

Market Demand for More Bandwidth

2010 mobile data traffic was three times the size of the entire global Internet in 2000 (Cisco)

2014 mobile data traffic will be 40 times what it was in 2010

Movies

Online TV

Music

Online Games

Social Networking

Increasing use of data intense

services escalate bandwidth

demand

HD displays

Pictures

Increasing use of mobile infrastructure for

delivery of data

Source:Ovum

4,000

4,500

5,000

5,500

6,000

6,500

7,000

2009

2010

2011

2012

2013

2014

2015

GigOptix Growth Strategy

Since 2007 GigOptix has invested $15M in developing and acquiring assets that

leverage a prior investment of more than $300M.

GigOptix is a fast growing fabless high-speed optical and high frequency wireless

semiconductor device company, leveraging prior investment in acquired companies

Over the last 3 years through internal development and building on our strategic efforts

we have built a portfolio of more than 90 products and 100 patents

April 2007

Inception of

GigOptix LLC.

July 2007

January 2008

December

2008

November

2009

1H 2011

GigOptix, Inc.

Products:

High speed

electro-optics:

Drivers

High speed

electro-optics:

Amplifiers &

Drivers

High speed

electro-optics:

Polymer

Modulators

High speed

electronics:

Mixed-Signal

ASIC

High Speed

electronics:

MMICs &

Transceivers

90+ analog

semiconductor

& High Speed

Wireless and

ASICs products

2007

2008

2009

2011

SLIDE REFLECTS GIGOPTIX, INC. UPON COMPLETION OF MERGER WITH ENDWAVE

Description

a leading supplier of high

performance electronic and

electro-optic components that

enable next generation 40G and

100G optical networks

a leading provider of high-frequency

RF solutions and semiconductor

products for the wireless mobile

backhaul communications, satellite

communications, electronic

instruments and defense and security

markets

Products

High Speed Optical:

Drivers, Amplifiers, Modulators

ASIC

High Frequency RF:

MMIC, Modules/Transceivers

Target

Markets

Telecom, Datacom, Defense,

Instrumentation, Consumer,

Military, Aerospace

Point-to-Point Back-Haul Wireless

Communications, Military,

Aerospace, Automotive

Company Overviews

GigOptix + Endwave Combination

Enhances revenue growth and strengthens balance sheet with substantial

cost savings

Addresses customers’

growing needs for high speed solutions in optical

networks and wireless mobile backhaul

Same

customer

base,

same

technology

–

new

application

Jointly capitalizes on the increasing network bandwidth demands

Leverages

highly

complementary

product

and

technology

portfolios

high

speed fiber and wireless communications

Further increases the level of integration, functionality and cost reductions for

products

targeting

microwave/millimeter

wave

and

broadband

fiber

optic

applications

Strengthens IC design capabilities in both GaAs and SiGe processes

Expands penetration of targeted and new markets

Increases penetration of commercial and military applications

Potential for expansion into the high speed instrumentation market

Optical & High Speed Wireless Technology

Many similarities between Optical and High Speed Wireless solutions:

Operate in the same microwave and millimeter wave frequencies

Utilize the same semiconductor process technologies and design expertise

Next generation optical transceiver will employ the same proven wireless

communication techniques to increase channel capacity

MUX

DEMUX

Optical

Modulator

Modem

Local

Osc

Upconv

Power

Amplifier

Downconv

Low Noise

Amplifier

Optical Transceiver Module

Wireless Transceiver Module

Optical & High Speed Wireless Customers

High Speed Wireless

Optical Network Equipment Market

Source: Ovum, Jan 2011

Source: Maravedis Research, Oct 2010

Increases business with current and targeted customers

GigOptix’s High Speed Network End to End Solutions

TODAY: Fiber Optics Networks:

GigOptix components upon

completion of merger

GigOptix potential extension

Included after the completion of merger:

MUX

Convertor

Low

Noise

Amplifier

DEMUX

Local

Oscillator

MUX

Optical

Modulato

Optical

Amplifier

Optical

Amplifier

DEMUX

Local

Oscillatr

Power

Amplifier

10Gb/s to 100Gb/s and beyond

100 Mbs/s to 2.5Gb/s

High Speed Wireless Mobile Backhaul:

10G ULH

Drivers

100G RZ

Polymer

Modulator

10G Ultralow

Power VCSEL

Driver//TIAs

25G CDR

65nm Hybrid

4 &12ch 5G

Parallel Driver &

Receiver

4 &12ch 14G

Parallel Driver &

Receiver

40G DQPSK

MZ Driver

100G DPQPSK

Driver

100G DPQPSK

Polymer

Modulator

100G ETH

Driver

25G VCSEL

Driver/TIAs

High Speed

Mixed-Signal

Platform

MUX/Modem

100G DPQPSK

Integrated

Driver/

Modulator

10G LH & Metro

Drivers

Family of 10G &

20G TIAs

40G DPSK

Polymer

Modulator

E-Band T/R

E-Band MMIC

400G DPQPSK

Driver

Optical

Front End

Transceiver Module

Growing Product Portfolio Expands TAM

2007

2008

2009

2010

2011

2012

Building a Valuable Global Channel

Leveraging a Global Supply Chain

GigOptix’s fabless business model utilizes industry

leading semiconductor foundries and packaging

contract manufacturers

Efficient technology transfer from in-house

prototype fab to contract manufacturers

ISO 9000 and 14001 standard compliance;

AS-9100, RoHS, Telcordia

R&D centers: Palo Alto, CA; Bothell, WA;

Zurich, Switzerland and Chiang Mai, Thailand

Sales offices in Palo Alto, CA; Shenzhen and

Wuhan, China; and Zurich, Switzerland.

GigOptix Senior Management –

Post Merger

Dr. Avi Katz: Chairman & Chief Executive Officer

Ms. Julie Tipton: Chief Operations Officer

Mr. Andrea Betti-Berutto: Chief Technical Officer

Mr. Curt Sacks: Chief Financial Officer

GigOptix, Inc. Financial Performance

Financials provided are expected 2011 financial results and are in millions. Final numbers will be provided on or about May 16

GigOptix’s SEC Form 10-Q.

Adjusted EBITA is defined as income or loss from operations net of depreciation, amortization, stock-based compensation expense

and restructuring expenses. Quarterly Product Revenue excludes Government Contracts.

Lumera

ChipX

iTerra & Helix

Projection based on the increase of approx. 5% sequentially, as stated in the release on file with the SEC, dated, May 16, 2011

GigOptix, Inc. Consolidated Balance Sheet Q111

(in thousands)

Consolidated Balance Sheet is reflective of highlighted areas only. Full Balance Sheet numbers will be provided on or about May 16

in GigOptix’s SEC Form 10-Q.

April 3,

December 31,

2011

2010

ASSETS

Current assets:

Cash and cash equivalents

4,137

4,502

(365)

(8%)

Total current assets

11,451

11,882

(431)

(4%)

Total assets

26,812

27,876

(1,064)

(4%)

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

2,896

2,960

(64)

(2%)

Line of credit

2,780

3,226

(446)

(14%)

Total current liabilities

11,269

11,009

260

Total liabilities

12,696

12,486

210

Stockholders' Equity

Total stockholders' equity

14,116

15,390

(1,274)

(8%)

Total liabilities and stockholders' equity

26,812

27,876

(1,064)

(4%)

Net Change

April 3,

April 4,

Revenue

2011

2010

Product

7,052

5,134

Government contract

610

139

Total revenue

7,662

5,273

Cost of revenue

Product

3,651

2,601

Government Contract

180

Total cost of revenue

3,831

2,695

Gross profit (loss)

3,831

2,578

Research and development expense

2,390

2,080

Selling, general and administrative expense

2,623

2,134

Restructuring expense

428

Merger related expense

1,107

Shareholder settlement expense

1,064

Total operating expenses

7,184

4,642

Loss from operations

(3,353)

(2,064)

Interest expense

(96)

(110)

Other income (expense)

(13)

Loss before provision for income taxes

(3,437)

(2,187)

Provision for income taxes

Net loss

(3,442)

(2,187)

Net loss per share -

basic and diluted

(0.28)

(0.23)

Weighted average number of shares used in per share

calculations -

basic and diluted

12,255

9,307

Three months ended

GigOptix, Inc. Consolidated Statement of Operations

Q111

Q111 (in thousands)

(in thousands)

Summary

The combination of GigOptix and Endwave creates a leading supplier of high speed and high

frequency

analog

semiconductors,

modulators

and

wireless

mobile

backhaul

World class high speed product portfolio:

High speed analog ICs

High frequency analog ICs

High speed optical modulators

High speed wireless front ends

Structured and Standard Cell ASICs

Trusted supplier to Tier-1 OEMs for critical high performance communication devices

Successful history of generating value for investors and customers through strategic plan of growing

both organically and through synergistic acquisitions and mergers

Highly

scalable

fabless

manufacturing

model

partnering

with

best

class

contract

manufacturers

Strong IP portfolio with more than 100 patents granted and over 40 applications on file

Solid revenue growth in 2010 with good revenue growth opportunities for 2011

Strong balance sheet with solid cash position and no long term debt

Leading supplier of high performance network interface devices, enabling high

speed optical and wireless networks for Tier-1 Telecom and Datacom OEMs

Transaction Overview

The Answers to your Questions

What will be the conversion ratio be for ENWV to GGOX common stock?

The actual conversion ratio in the merger cannot be determined until immediately before the consummation of the merger.

However, if the merger were consummated on February 4, 2011, each outstanding share of Endwave common stock would convert

into approximately 0.89 shares of GGOX common stock.

How many shares will the combined company have?

When do you expect to close the transaction?

We have been making significant progress towards our goal of closing the transaction in the second quarter of 2011. Currently, we

anticipate that the merger will close in June. We expect the majority of the integration process will be completed early in 3Q11.

What is the status of GigOptix being listed on a major exchange?

On May 6, 2011 we received conditional approval to list GigOptix’s common stock on the NYSE Amex stock exchange. Final approval

of the Company’s application is subject to certain enumerated conditions, including the closing of our merger with Endwave

Corporation as well as continued compliance with other listing requirements of the exchange.

How much cash does GigOptix expect to have on the balance sheet after the transaction closes?

The Press Release (dated 2/7/2011) noted the combined company had approximately $28M in cash and investments at 12/31/2010,

but that cash at the close of the transaction will be approx. $16M. The cash and investment balance will be reduced by transaction

related fees, restructuring related payments, the pay down of GGOX AR line and cash used in operations during the period between

12/31/10 and the close of the deal. We have continued to work hard to reduce our cash usage during this period.

How much does the Company expect to achieve in cost saving synergies?

The Press Release (dated 2/7/2011) noted the combined company would see savings of approx. $1M/quarter in 2012. The savings

will come from a number of different areas including public company related expenses, the consolidation of personnel, facilities and

the reduction of overhead.

Approximately 21 million outstanding shares

Thank you.