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Technology Stocks : Xilinx (XLNX) -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (2927)	3/4/2003 6:46:44 PM
From: SemiBull	Read Replies (1) \| Respond to of 3291

Xilinx invests €52m in Dublin expansion, recruits 500 By Stephanie Gordon, EE Times Mar 4, 2003 (6:28 AM) URL: siliconstrategies.com Xilinx has announced plans to expand its facility in Dublin, Ireland and invest €52m in making the advanced R&D, design and operations centre its headquarters in Europe. The company currently employs 340 people at the facility and intends to recruit a further 500 at the plant. Speaking at the launch of the new European headquarters in Dublin today, Paul McCambridge, vice president of Xilinx Europe, said that recruitment for the new roles had already started. As part of the expansion, Xilinx will also set up an international technical support centre in Dublin as well as expand the company's existing data hub at the base following a strategic decision to locate strategic marketing operations in Dublin. Wim Roelandts, president and chief executive officer of Xilinx, said: "We have persevered with our strategic development plans in spite of difficult global market conditions. Further growth of our advanced centre in Dublin will afford Xilinx major flexibility, capacity and presence throughout Europe as business conditions improve in the future. Our strategy will continue to focus on further investments in R&D, sophisticated new processes and highly skilled personnel." According to the company, Xilinx is the first semiconductor company in Ireland to use 300mm processes. “Our programmable logic devices are instrumental in the development of new information and communication technologies throughout the world, with applications ranging from consumer electronics through to mission critical systems,” said McCambridge. “We are ready to lead these developments with the advanced, proven technologies electronic manufacturers need to achieve a competitive advantage in their own end markets." Xilinx raised its outlook for fourth-quarter revenue to the high end of its forecast range of US$285m to US$295m, citing strength in Europe and Asia Pacific. The firm said it saw revenues in North America unchanged from the third quarter and revenue from Europe and Asia Pacific up from the third quarter. Revenues from Japan were expected to fall.