company in 1984 and began selling its first product by 1985. By late 1987, the company had raised more than $18 million in venture capital (equivalent to $ million in ) and was making nearly $14 million a year. Expansion From 1988 to 1990, the company's revenue grew each year, from $30 million to $100 million. During this time, Monolithic Memories Inc. (MMI), the company which had been providing funding to Xilinx, was purchased by AMD. As a result, Xilinx dissolved the deal with MMI and went public on the NASDAQ in 1989. The company also moved to a plant in San Jose, California, to handle increasingly large orders from HP, Apple Inc., IBM and Sun Microsystems. Other FPGA makers emerged in the mid-1990s. By 1995, the company reached $550 million in revenue. Over the years, Xilinx expanded operations to India, Asia and Europe. Xilinx's sales rose to $2.53 billion by the end of its fiscal year 2018. Moshe Gavrielov – an EDA and ASIC industry veteran who was appointed president and CEO in early 2008 – introduced targeted design platforms that combine FPGAs with software, IP cores, boards and kits to address focused target applications. These targeted design platforms are an alternative to costly application-specific integrated circuits (ASICs) and application-specific standard products (ASSPs). On January 4, 2018, Victor Peng, the company's COO, replaced Gavrielov as CEO. Recent history In 2011, the company introduced the Virtex-7 2000T, the first product based on 2.5D stacked silicon (based on silicon interposer technology) to deliver larger FPGAs than could be built using standard monolithic silicon. Xilinx then adapted the technology to combine formerly separate components in a single chip, first combining an FPGA with transceivers based on heterogeneous process technology to boost bandwidth capacity while using less power. According to former Xilinx CEO Moshe Gavrielov, the addition of a heterogeneous communications device, combined with the introduction of new software tools and the Zynq-7000 line of 28 nm SoC devices that combine an ARM core with an FPGA, are part of shifting its position from a programmable logic device supplier to one delivering “all things programmable”. In addition to Zynq-7000, Xilinx product lines include the Virtex, Kintex and Artix series, each including configurations and models optimized for different applications. In April 2012, the company introduced the Vivado Design Suite - a next-generation SoC-strength design environment for advanced electronic system designs. In May, 2014, the