Xilinx Inc, a chip supplier whose products are used in 5G networking gear, said ...
FILE PHOTO: A Xilinx sign is seen during the China International Import Expo , at the National Exhibition and Convention Center in Shanghai, China November 6, 2018. REUTERS/Aly Song/File Photo
With a midpoint of $3.52 billion, the forecast was slightly above the $3.49 billion that analysts were expecting, according to IBES data from Refinitiv. The San Jose, California-based company said that it expects operating expenses for its fiscal 2020 to be between $1.34 billion and $1.37 billion, slightly above analyst estimates of $1.3 billion, according to Refinitiv data.Chief Executive Victor Peng said the company was spending more this year to pursue expanded markets for 5G, data center and self-driving car chips over the next five years.
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