Xilinx Announces Acquisition
of Triscend Corp.
Merger bolsters Xilinx leadership in rapidly growing embedded
market, brings R&D talent, complementary technology expertise
to company
SAN JOSE, Calif., March 8, 2004 - Xilinx, Inc. (NASDAQ: XLNX) today
announced that it has signed an agreement to acquire Triscend Corp.,
a pioneer of configurable embedded microcontroller technology. The
merger will bolster Xilinx’s rapidly growing presence in the
embedded market, bringing R&D talent and complementary technology
expertise into the company. The majority of Triscend’s 40
employees, currently located at the company’s headquarters
in Mountain View, Calif., will become Xilinx employees.
The company anticipates booking the acquisition in its fiscal fourth
quarter ending April 3, 2004. At that time, purchase price allocation
will be recorded. Although financial details were not disclosed,
the acquisition represents less than one percent of the total assets
of Xilinx as of the end of our fiscal third quarter ending January
3, 2004.
“The significant talent and technology at the core of Triscend
will strengthen our efforts in the embedded processing space, accelerating
future development of embedded solutions and speeding our market
ramp in this important emerging market,” said Erich Goetting,
vice president and general manager of the Advanced Product Division
(APD) at Xilinx.
“Together, Xilinx and Triscend have a powerful combination
of embedded technology, tools and expertise that will deliver tremendous
value to our mutual customers and to deepen Xilinx’s market
penetration in the embedded market place,” added Reynette
Au, president and chief executive officer of Triscend. “We’re
delighted to be a part of Xilinx, and look forward to playing a
key role in accelerating adoption of the programmable logic devices
with increasing levels of embedded processing capabilities.”
Triscend’s configurable microcontrollers are used in a variety
of applications, such as industrial controls, security and consumer
electronics. Its technology can be combined with programmable logic,
microprocessors, memory and buses to create single-chip customized
solutions.
About Xilinx Virtex-II Pro™ Platform FPGAs and Embedded
Solutions
Based on their industry-leading capacity, performance, and cost-effectiveness,
Xilinx® Virtex™ FPGAs are the number
one choice of designers worldwide. The Xilinx Virtex-II Pro is the
world's first and only FPGA to offer integrated PowerPC™
embedded technology. Providing designers the ability to easily develop,
integrate, and debug their entire embedded system, Xilinx offers
a fully integrated hardware/software development environment, Platform
Studio, included in the Xilinx Embedded Development Kit (EDK). The
Xilinx embedded system solution is comprised of an extensive library
of IP cores (over two hundred cores), application/reference designs,
internal and third party provided tools, most widely used operating
systems - including MontaVista Linux™, WindRiver
VxWorks™, QNX Neutrino™
and development boards. Further ensuring first-time design success
with its Platform FPGAs, Xilinx provides a variety of embedded design
services, training and support.
About Xilinx
Xilinx, Inc. (NASDAQ:XLNX) is the worldwide leader of programmable
logic solutions. Additional information about Xilinx is available
at www.xilinx.com.
About Triscend
Triscend is the pioneer in configurable system-on-chip (CSoC) devices
and customizable microcontrollers. Its software and silicon technology
provide design engineers with an easy, low-risk way to create and
modify highly customized embedded systems applications — from
prototyping through manufacturing — and develop cost-effective
derivatives to address changing market demands. Triscend’s
single-chip platform, featuring its powerful FastChip™
development software, delivers a ready-to-customize SoC with the
flexibility of a field-programmable device and the price point of
a standard product — and no non-recurring engineering costs.
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| Xilinx, Inc. |
Xilinx, Inc. |
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