Xilinx more than doubles profit

Xilinx, the semiconductor chips manufacturer, has announced that it has increased its profits by over 120%.

The company saw its net profit increase from $18.5m in Q1 last year to $41m this year.

Its net revenue for the quarter is $289.9m and it made a net income of 12 cents per share.

According to president and CEO of Xilinx Wim Roelandts, "In addition to existing channels, our devices are enjoying strong customer acceptance in non-traditional programmable logic applications.

"New product sales continued to be strong, particularly the company's high end Virtex family of microchips with increased sales of 50%."

Xilinx was founded in 1984 and has its headquarters in San Jose, California.

It employs around 350 people in its Irish operations.