Xilinx Announced The Acquisition Of Shenzhen Science And Technology, The Exact Amount Is Not Disclosed.

Xilinx, Inc., (NASDAQ:XLNX), the global leader in adaptive and intelligent computing, announced today that it had completed the acquisition of Shenzhen Science and Technology (Inc.). Shen Jian Technology is a start-up in Beijing, with the industry's leading machine learning ability, focusing on neural network pruning, deep compression technology and system level optimization.

Xilinsi announced the acquisition of Shenzhen Science and technology in July 18, 2018.

Since its establishment in 2016, Shenzhen Science and technology has been developing machine learning solutions based on Xilinx's technology platform. The neural network pruning technology, which is optimized by deep science and technology, runs on Xilinx FPGA device, which can achieve breakthroughs in performance and the best energy efficiency in the industry. Since 2017, xilinsi has become a major investor in Shenzhen Technology with other well-known global investment institutions.

We are very happy to further deepen the cooperation between Shen Jian Technology and sailing, and let both sides work more closely together to provide the leading machine learning solutions for Chinese and global users, CEO euleus said.
Shen Jian Technology CTO Yi said, as one of the early investors, it has accompanied Shen Jian Technology to explore the potential of machine learning together, and has witnessed our innovation and development in this field. We look forward to promoting our machine learning solution to a new level of performance through this transaction.

Salil Raje, executive vice president of xilinsi software business, points out that we are very excited about joining the xilinth family. We look forward to their participation to further strengthen the world's leading engineering technology research and development force, and to accelerate the vision of the company to create a flexible world of intelligence. Talent and innovation are the core of realizing the development of Xilinx Inc. In the future, xilinsi will continue to increase investment in deep science and technology, and constantly promote the company's common goal of accelerating machine learning from cloud to end applications.

After the acquisition, Shenzhen Science and technology will continue to operate in its Beijing office and become part of the large family of xilinth Greater China with more than 200 employees. The specific financial terms of the transaction were not disclosed.