XILINX, the California based parent of Xilinx Ireland, has reported record turnover and profit for the year to March, with its new Irish plant selling products worth more than $50 million (£32.2 million).

Overall group turnover rose by 58 per cent during the year to $560 million, while after tax profit rose by 71 per cent to $101. 5 million. Earnings per share increased to $1.28 from 80 cents. Xilinx plans to employ 300 people here and currently employs over 100 in its new £20 million facility at the CityWest business park in Dublin.

The company supplies highly specialised semiconductor chips used to process information within electronic systems.