GigPeak Inc. (Acquired by IDT)GigOptix Inc. of Palo Alto, Calif., and Pangaea HK Ltd., a Hong Kong-based distributor, have announced the signing of an agreement that would extend their partnership through the formation of a joint venture company in China. The new organization will be based in Hong Kong and is intended to support customers in the region with the development of low-cost, customized reference designs for GigOptix products. 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