Selling Appears to Be the Trend with Xilinx, Inc., as Insiders Keep Selling


 
 
12:20 08/26/2018

The last two months have seen nothing but selling by insiders for Xilinx, Inc. XLNX , as executives, including Executive Vice President & Chief Financial Officer, Lorenzo Flores, continue to unload shares in the Company.

Xilinx XLNX  develops highly flexible and adaptive processing platforms that enable rapid innovation across a variety of technologies - from the endpoint to the edge to the cloud. Xilinx is the inventor of the FPGA, hardware programmable SoCs and the ACAP, designed to deliver the most dynamic processor technology in the industry and enable the adaptable, intelligent and connected world of the future.

The ongoing selloff seems odd as the Company announced progress and growth moving forward into the immediate future. Last week, Xilinx, Inc. XLNX  and SK Telecom (SKT) jointly announced that SKT has deployed Xilinx® FPGAs as their artificial intelligence (AI) accelerators in its data center. The Xilinx® Kintex® UltraScale™ FPGAs are now running SKT's automatic speech-recognition (ASR) application to accelerate NUGU, its voice-activated assistant. SKT achieved up to five times higher performance in ASR applications when compared to GPUs, and more importantly, 16 times better performance-per-watt. This is the first commercial adoption of FPGA accelerators in the AI domain for large-scale data centers in South Korea.

"Over many years we have seen the shape of the industry evolve, and we are proud to be at the forefront of developing AI accelerators. By designing our solution based on the Xilinx KCU1500 board and our own bitstream image, we have developed a cost-effective, high-performance application," said Kang-Won Lee, senior vice president, software research and development center at SKT.

Established in 1984, SK Telecom is the largest mobile operator in Korea by both revenue and number of subscribers. As of December 2017, the company holds around 50 percent of the market, with 30.2 million mobile subscribers including 22.87 million LTE subscribers. It has reached KRW 17.520 trillion in revenue in 2017. SK Telecom has led the advancement of mobile technologies ranging from 2G to 4G, and is currently setting important milestones in its journey to 5G. The company is not only leading innovation in the field of mobile network, but also providing IoT, media, home and platform services. SK Telecom is determined to play a significant role in the Fourth Industrial Revolution by achieving innovations and promoting shared growth with other players in the industry.

"We are delighted to have the opportunity to deploy Xilinx FPGAs to SKT's AI data center, a first in South Korea," said Manish Muthal, vice president, marketing for data center at Xilinx. "Xilinx Kintex UltraScale KCU1500 FPGAs show that Xilinx has a major competitive edge in applications. Xilinx will continue to focus its technological capabilities and innovations on data center acceleration."


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