Xilinx Announces Intention to Invest $40M in Expansion of Research, Development, and Engineering Operations at EMEA Headquarters in Ireland

Xilinx Announces Intention to Invest $40M in Expansion of Research, Development, and Engineering Operations at EMEA Headquarters in Ireland Xilinx will recruit 100 highly qualified new staff for Dublin and Cork Nov 03, 2017

DUBLIN, Nov. 3, 2017 /PRNewswire/ -- Xilinx, Inc. (NASDAQ:XLNX) today announced its intention to invest $40 million in an initiative to expand its research, development, and engineering operations at the companys EMEA headquarters in Dublin and Cork. The company will recruit 75 senior silicon and electronics engineering staff for its regional headquarters in Dublin and for its engineering centre in Cork. Additionally 25 new employees will be hired across a broad range of business disciplines supporting the continued growth of Xilinx in Ireland.

The new investment and recruitment will support the companys high level research, development and engineering work for advanced technologies and products including the application of artificial intelligence and machine learning in key strategic markets such as cloud computing, embedded vision, industrial IoT (Internet of Things) and 5G wireless.

The development was formally announced in Dublin today by The T naiste (Deputy Prime Minister of Ireland) and Minister for Business, Enterprise and Innovation, Frances Fitzgerald T.D., and by Kevin Cooney, Senior Vice President, Chief Information Officer and Managing Director EMEA, Xilinx Inc. The new investment is supported by the Irish government through IDA Ireland.

The T naiste and Minister for Business, Enterprise and Innovation, Frances Fitzgerald T.D., said: "This new investment by Xilinx is a great vote of confidence in Ireland and, in particular, in the attractive eco-system we have created for companies in the ICT sector. Xilinxs expansion and the 100 new, high quality, jobs announced today, are a very valuable contribution to our thriving research capability in these exciting technologies."

Kevin Cooney, Senior Vice President, Xilinx, said: "Machine Learning and Artificial Intelligence (AI) will have a profound impact across a wide range of applications that impact society as a whole. Xilinx is uniquely positioned to accelerate the proliferation of these applications from edge to cloud. This investment by Xilinx in Ireland will fuel advanced product development and research that will enable ever more intelligent and efficient AI development and deployment."

Mary Buckley, Executive Director of IDA Ireland, said: "Xilinx has been at the forefront of ground-breaking innovation in Ireland for over 20 years now, and its significant investment into the realm of artificial intelligence announced today indicates that this trend is set to continue. Xilinxs continued commitment to Ireland not only enhances Irelands reputation as a pioneering location for high value research in the technology space, it also demonstrates that Ireland has both the necessary business infrastructure and talent pool to attract global tech companies here. I wish the team at Xilinx every success and offer the continued support of IDA Ireland."

About Xilinx Ireland

Xilinx first established operations in Dublin in 1995. Today it employs 350 at its EMEA headquarters in Citywest, Dublin, where it operates a research, product development, engineering and IT centre along with centralized supply, finance, legal and HR functions. Xilinx also has R&D operations in Cork, since 2001. Key milestones:

2015: Xilinx marks 20 years in Ireland and wins inaugural US-Ireland Research Innovation Awards

2012: Xilinx expands electronics engineering team in Ireland

2008: Xilinx establishes a branch of its Global Customer Engineering Division in Dublin

2001: Xilinx expands R&D in Dublin and Cork, opens European data centre in Dublin

1995: Xilinx announces investment in Ireland, begins operations and opens a bespoke new facility in 1996

About Xilinx

Xilinx is a leading provider of All Programmable semiconductor products, including FPGAs, SoCs, MPSoCs, RFSoCs, and 3D ICs. Xilinx uniquely enables applications that are both software defined and hardware optimized powering industry advancements in Cloud Computing, 5G Wireless, Embedded Vision, and Industrial IoT. For more information, visit www.xilinx.com.

This release contains forward-looking statements and projections. Forward-looking statements and projections can often be identified by the use of forward-looking words such as "expect," "believe," "may," "will," "could," "anticipate," "estimate," "continue," "plan," "intend," "project" or other similar expressions. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Such forward looking statements include, but are not limited to, statements regarding the companys investment and employment projections and any anticipated benefits related to such projections. Undue reliance should not be placed on such forward-looking statements and projections, which speak only as of the date they are made. The company undertakes no obligation to update such forward-looking statements. Actual events and results may differ materially from those in the forward-looking statements and are subject to risks and uncertainties including the potential that the company will not successfully hire and integrate the proposed employees described above or realize the product research and product development benefits described above, and other risk factors listed in the companys most recent Forms 10-Q and 10-K filed with the U.S. Securities and Exchange Commission.

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