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 MonteVista 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.
Xilinx, Inc. (NASDAQ:XLNX) is the worldwide leader of programmable logic solutions. Additional information about Xilinx is available at www.xilinx.com.
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. More information is available at www.triscend.com.
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