Xilinx, Inc. (NASDAQ:XLNX) continues to sharply outperform the majority of stocks in the semi-cap equipment space. The company surprised the market with a clear beat and raise for Q3 against a backdrop of consistent underperformance from other semi names that had posted numbers ahead of it. To further flesh out the story, the company recently announced that its Zynq UltraScale+ MPSoC family has been assessed as SIL 3, HFT1 capable, according to the IEC 61508 functional-safety specification, by Exida, the leading functional safety certification agency.
According to the company, this assessment means product developers can build new high-performing systems including artificial intelligence (AI) for safety-critical applications using Xilinx’s feature-rich, highly integrated single-chip MPSoC family, with the assurance of IEC 61508 functional-safety certification up to Safety Integrity Level 3 (SIL 3).
Xilinx, Inc. (NASDAQ:XLNX) promulgates itself as a company that designs and develops programmable devices and associated technologies worldwide.
Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; adaptive compute acceleration platform; software design tools to program the PLDs; software development environments and embedded platforms; targeted reference designs; printed circuit boards; and intellectual property (IP) core licenses covering Ethernet, memory controllers, Interlaken, and peripheral component interconnect express interfaces, as well as domain-specific IP in the areas of embedded, digital signal processing and connectivity, and market-specific IP cores.
The company also offers development boards; development kits, including hardware, design tools, IP, and reference designs that are designed to streamline and accelerate the development of domain-specific and market-specific applications; and configuration products, such as one-time programmable and in-system programmable storage devices to configure field programmable gate arrays. In addition, it provides design, customer training, field engineering, and technical support services.
The company offers its products to electronic equipment manufacturers in sub-segments, such as wireline and data center, wireless, aerospace and defense, test and measurement, industrial, scientific and medical, automotive, audio, video and broadcast, and consumer. Xilinx, Inc. sells its products through a network of independent distributors; and through direct sales to original equipment manufacturers and electronic manufacturing service providers, as well as independent sales representatives.
The Living Momo
As noted above, XLNX recently announced that its Zynq UltraScale+ MPSoC family has been assessed as SIL 3, HFT1 capable, according the IEC 61508 functional-safety specification, by Exida, the leading functional safety certification agency.
The stock has suffered a bit of late, with shares of XLNX taking a hit in recent action, down about -4% over the past week. Shares of the stock have powered higher over the past month, rallying roughly 10% in that time on strong overall action.
“AI-based systems need to be safe systems,” said Yousef Khalilollahi, vice president, core vertical markets, Xilinx. “Today’s announcement underscores our leadership in this new category of devices, further raising performance and extending design flexibility. Zynq UltraScale+ MPSoC was designed with safety and security in mind and is the ideal architecture to support industrial IoT or Industrie 4.0 platforms and future generations of automotive, aviation, and AI-based systems.”
Xilinx, Inc. (NASDAQ:XLNX) pulled in sales of $746.3M in its last reported quarterly financials, representing top line growth of 20.5%. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($3.3B against $931.5M).