Xilinx introduced that its board of administrators has appointed Victor Peng as CEO, efficient January 29. He will change into the fourth CEO within the $2 billion firm’s historical past and takes the helm of the corporate at a time when competitors with the world’s greatest chip maker, Intel, is acute.

Xilinx is certainly one of Silicon Valley’s oldest chip corporations, based in 1984 in San Jose, California. It makes chips which can be simply customizable, permitting them for use within the final minute in merchandise the place the protocols or particulars hold altering as much as the final minute. Those chips are normal merchandise which can be like clean slates, and engineers customise them utilizing software program. They program the chips to do particular capabilities.

Peng is an attention-grabbing selection, as there have been days prior to now when Asian American CEOs have been a rarity in Silicon Valley. He’ll be the first chief in giving prospects a selection in the case of buying programmable chips from Intel. As a former chief at Advanced Micro Devices, Peng is aware of what that competitors is like.

“Victor is exclusive in his skill to translate imaginative and prescient and technique into world-class execution and has an unbelievable skill to encourage and lead transformation. He has been the architect of Xilinx’s improvements for the previous decade and can transfer the corporate ahead with the pace required to capitalize on the alternatives in entrance of us,” mentioned Dennis Segers, chairman of the board of Xilinx, in an announcement. “Victor is a confirmed chief with distinctive enterprise acumen and a deep, unwavering dedication to prospects. The board is thrilled to nominate Victor CEO as the corporate enters its subsequent chapter of expanded innovation and progress.”

It received’t be simple to compete, as Xilinx’s arch rival, Altera, was acquired by Intel for $16.7 billion in 2015.

“I’m honored to have been chosen to steer Xilinx at such a dynamic time in our ,” mentioned Peng. “The world of know-how is altering quickly, and I plan to architect Xilinx to make the most of the place I see the best alternatives for transformational progress. Xilinx is in a uncommon place of energy and is poised to capitalize on the subsequent shift in computing. By specializing in delivering distinctive worth to new areas in addition to our conventional markets, I plan to speed up the corporate’s progress and create the subsequent wave of shareholder worth.”

Since becoming a member of the corporate in 2008, Peng has spearheaded industry-leading technique and technical shifts throughout the corporate’s portfolio of services. Most lately, he served as chief working officer and was appointed to the board in October 2017.

Before becoming a member of Xilinx, Peng served as company vp of the graphics merchandise group (GPG) silicon engineering at Advanced Micro Devices, the place he additionally served as a pacesetter in AMD’s central silicon engineering workforce supporting graphics, console sport merchandise, CPU chipset and shopper enterprise models.

Peng, 57, succeeds Moshe Gavrielov, 63, who will step down as CEO and from the board of administrators on January 28, as a part of a beforehand introduced CEO succession plan.

 

This article sources data from VentureBeat