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Xilinx Press ReleaseFOR IMMEDIATE RELEASE XILINX RECEIVES INVESTMENT GRADE RATING FROM STANDARD & POOR'S SAN JOSE, CA, JULY 22, 2004 – Xilinx, Inc. (NASDAQ: XLNX) today announced that Standard & Poor’s (S&P) has increased Xilinx’s corporate credit rating to investment grade. Xilinx is now one of a select few semiconductor companies and the only PLD company to have received investment grade status. Xilinx’s leading position in the programmable logic device (PLD) industry, good cash flow generating capability through the business cycle, and an increasingly diversified base of customers and end markets prompted S&P to change its rating. “S&P’s decision to increase our rating is a testament to the growing acceptance of programmable logic as well as to the strength of Xilinx’s product portfolio,” said Kris Chellam, the Company’s Senior Vice President of Finance and CFO. “Xilinx currently has a 50% share of the PLD market segment. The Company has produced more than $150 million in free cash flow in each of the past seven years, even in semiconductor downturns. Finally, we have been successful in broadening our customer base outside of the communications market. Revenue derived from the consumer, industrial and automotive sectors has increased from 6% at the end of fiscal 2000 to approximately 35% today.” About Xilinx -30-
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