Xilinx Announces Restructuring Plans
-- Xilinx, Inc. (Nasdaq: XLNX) announced restructuring measures designed to drive structural operating efficiencies across the Company. The Company expects to reduce its global workforce by up to 200 positions, or 6%, resulting in a pre-tax charge of approximately $11 to $13 million in the June quarter primarily related to severance pay expenses. Additionally, Xilinx is implementing other short-term cost savings including executive salary reductions and a broad-based employee salary freeze. As a result, Xilinx expects to generate cost and operating expense savings of approximately $4 to $5 million per quarter beginning in the June quarter. Restructuring charges will not impact the recently ended March quarter.
Over the longer term, the Company expects to implement further supply chain efficiencies resulting in additional restructuring charges totaling approximately $10 million over the September, December and March quarters of fiscal 2010. These efficiencies are expected to result in changes to the structure and location of certain global operations, which are expected to provide the Company with further cost savings over time.
Xilinx is currently in its quiet period, so an update to its business outlook will not be provided at this time. Further information concerning savings and costs related to the restructuring will be provided when the company announces March quarter results on April 22, 2009. Please visit the company's web site at www.investor.xilinx.com for information relating to the real-time audio broadcast.
About Xilinx
Xilinx, Inc. (NASDAQ: XLNX) is the worldwide leader of programmable logic solutions. Additional information about Xilinx is available at http://www.xilinx.com. Xilinx, the Xilinx logo, Virtex, Spartan, ISE, and other brands designated herein are trademarks of Xilinx in the United States and other countries. All other trademarks are the property of their respective owners.
Related Semiconductor IP
- ONFI/Toggle IP
- 8 - 24MHz Xtal Oscillator on TSMC 22nm
- 32kHz Xtal Oscillator on TSMC 22nm
- 1.056GHz SSCG PLL on TSMC 40nm
- 1.25GHz Multiplying PLL on TSMC 40nm
Related News
- UMC names new unit chairmen in restructuring effort
- MIPS Technologies Announces Restructuring and Updates First Quarter Guidance
- MIPS Technologies announces restructuring plan
- Transmeta Corporation Outlines Strategic Restructuring Plan; Growth Strategy to Focus on Licensing Intellectual Property
Latest News
- SiFive Paves the Path to Accelerated Adoption of RISC-V in the Datacenter with the BigSky Development Server
- Perceptia Releases Design Kit for pPLL03 on Samsung Foundry 14LPU Platform
- Brite Semiconductor Releases 28nm High-Performance SAR ADC IP, Driving Upgrades for High-Speed Signal Chain Applications
- Synopsys Updates CXL IP Portfolio for AI-Era Infrastructure
- BrainChip Launches Symphony Community Akida Bundle For IBM’s Workload Management Solution