GigaMedia: New CEO John Stringer, Former Executive with Wyse Technology and Network Associates; New Leader Brings Outstanding Record Driving Growth and Profitability in Challenged Firms

TAIPEI, Taiwan, January 6, 2012 – GigaMedia Limited (NASDAQ: GIGM) ("GigaMedia") announced today that its board of directors has elected John Stringer as its new chief executive officer upon the departure of Yichin Lee, who has resigned as an officer and a director to return to his own professional services business. Mr. Stringer is a veteran technology executive with 25 years of senior leadership experience and an exceptional track record of driving strong growth and profitability in top global companies.