Prof­its rise 33% at Chip­maker Xil­inx

The Irish Times - - Technology - CHAR­LIE TAY­LOR

Prof­its rose by al­most a third last year for the Ir­ish sub­sidiary of lead­ing chip­maker Xil­inx, which last month an­nounced plans to cre­ate 100 new jobs in Ire­land.

Re­cently filed ac­counts show Xil­inx Ire­land Un­lim­ited re­ported a 32.2 per cent jump in pre-tax prof­its from $16.7 mil­lion (¤14.1 mil­lion) to just un­der $22 mil­lion for the 12 months to the end of March 2017.

Turnover in­creased 13.9 per cent to $541.2 mil­lion from $475.8 mil­lion the pre­vi­ous year.

Xil­inx Ire­land is the group’s pri­mary com­po­nent sup­plier for mar­kets in Europe, the Mid­dle East and Africa (EMEA).

The semi­con­duc­tor maker, which em­ploys about 350 peo­ple in the Repub­lic, es­tab­lished its EMEA head­quar­ters in Dublin in 1995. It also runs a re­search and de­vel­op­ment op­er­a­tion in Cork and

has a small fa­cil­ity in Belfast which em­ploys 30 en­gi­neers.


It an­nounced plans to hire an ad­di­tional 100 em­ploy­ees in Dublin and Cork last month as part of a $40 mil­lion in­vest­ment to sup­port its R&D and engi­neer­ing work for ad­vanced tech­nolo­gies and prod­ucts.

This in­cludes the ap­pli­ca­tion of ar­ti­fi­cial in­tel­li­gence and ma­chine learn­ing in ar­eas such as 5G, the In­ter­net of Things, em­bed­ded vi­sion and cloud com­put­ing.

The lat­est ac­counts for the com­pany show its net op­er­at­ing ex­penses de­clined by 6.3 per cent last year to $75.9 mil­lion due to a de­crease in distri­bu­tion costs.

A break­down of ex­penses show distri­bu­tion costs fell from $45.2 mil­lion to $39.5 mil­lion , while R&D ex­penses to­talled $22.3 mil­lion, com­pared to $21.4 mil­lion a year ear­lier.

R&D spend­ing as a whole ac­counted for 29 per cent of op­er­at­ing costs com­pared to 26 per cent in the pre­vi­ous year.

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