According to Wikipedia:
Giclée ( /ʒiːˈkleɪ/ zhee-klay or /dʒiːˈkleɪ/), is a neologism coined in 1991 by printmaker Jack Duganne for fine art digital prints made on inkjet printers. The name originally applied to fine art prints created on IRIS printers in a process invented in the late 1980s but has since come to mean any high quality inkjet print and is often used by artists, galleries, and print shops to denote such prints.
Some claim that giclée prints are, or can be, works of art in themselves, but I disagree, at least when we’re copying existing artwork. This is about making the best possible reproductions. It should neither add to nor detract from the creativity of the artist. The goal is transparency: to the extent made possible by modern technology, the experience of viewing the print should replicate that of viewing the original, so letting it be seen as if through a crystal clear view port from another location. But the best judge of reproduction quality is, of course, the creator, so that is who takes the final decision.
My goal is to offer artists the most cost-effective means of capitalising on their creativity by making high quality reproductions of their work.