EXHIBIT 99.1

Investor Relations Contact:
Lori Owen
Xilinx, Inc.
(408) 879-6911
ir@xilinx.com

XILINX THIRD QUARTER FISCAL 2008 SALES UP 7% SEQUENTIALLY;
OPERATING MARGIN EXCEEDS 24%

SAN JOSE, CA, JANUARY 17, 2008-- Xilinx, Inc. (Nasdaq: XLNX) today announced net revenues of $474.8 million in the third quarter of fiscal 2008, up 7% sequentially from the prior quarter and up 5% compared to the same quarter a year ago. Third quarter net income was $103.6 million, or $0.35 per diluted share.

The Xilinx Board of Directors declared a quarterly cash dividend of $0.12 per outstanding share of common stock, payable on February 27, 2008 to all stockholders of record at the close of business on February 6, 2008.

Additional third quarter comparisons are represented in the chart below:

GAAP Results
(In millions, except EPS)

					Growth Rates
	Q3 FY 2008	Q2 FY 2008	Q3 FY 2007	Q-T-Q			Y-T-Y
Net revenues	$474.8	$444.9	$450.7		7	%		5	%
Operating income	$115.3	$94.4	$82.2		22	%		40	%
Net income	$103.6	$89.7	$87.5		15	%		18	%
Diluted earnings per share	$0.35	$0.30	$0.26		17	%		35	%

Xilinx sales were stronger than anticipated during the quarter, increasing 7% sequentially due primarily to strength in defense and consumer applications. From a geographic perspective, sales from all geographies except Asia Pacific increased sequentially. North American-based sales were particularly strong during the quarter, increasing 14% sequentially.

“We fired on all cylinders this quarter,” said Wim Roelandts, Xilinx Chairman of the Board. “Better than expected sales and gross margin resulted in an operating margin of over 24%, the highest we have reported in nearly two years. New Product sales increased 23% sequentially during the quarter driven by strength from the Virtex™-5, Virtex-4 and Spartan™-3 FPGA families. New Product sales represented 35% of total revenues in the December quarter, up from 30% in the prior quarter and up from 26% in the same quarter of the prior year. Lastly, inventory days remained lean at 91 days, the lowest level in four years.”

Xilinx recently announced the appointment of Moshe Gavrielov, 53, to the position of president and chief executive officer, succeeding Wim Roelandts. Gavrielov becomes the third Xilinx CEO in its 24-year history, and brings nearly 30 years of executive management experience with semiconductor and software companies. “I assume my new role with great enthusiasm,” said Gavrielov. “I look forward to helping Xilinx capitalize on the vast opportunities for programmable logic while increasing shareholder value through improved operating efficiencies.”

Business Review – December Quarter Fiscal 2008

• Total inventory days at Xilinx and distribution were 91 days, down from 92 days last quarter.
• Accounts receivable days sales outstanding were 44 days, down from 48 days in the prior quarter.
• Capital expenditures and depreciation were $11 million and $13 million, respectively.

Net Revenues by Geography:

	Percentages									Growth Rates
	Q3			Q2			Q3
	FY 2008			FY 2008			FY 2007			Q-T-Q			Y-T-Y
North America		41	%		38	%		40	%		14	%		7	%
Asia Pacific		27	%		30	%		25	%		-3	%		16	%
Europe		22	%		22	%		23	%		8	%		0	%
Japan		10	%		10	%		12	%		7	%		-14	%

Net Revenues by End Market:

	Percentages									Growth Rates
	Q3			Q2			Q3
	FY 2008			FY 2008			FY 2007			Q-T-Q			Y-T-Y
Communications		41	%		45	%		44	%		-2	%		-1	%
Industrial & Other		33	%		30	%		31	%		16	%		13	%
Consumer & Automotive		17	%		17	%		16	%		9	%		11	%
Data Processing		9	%		8	%		9	%		17	%		0	%

Net Revenues by Product*:

	Percentages									Growth Rates
	Q3			Q2			Q3
	FY 2008			FY 2008			FY 2007			Q-T-Q			Y-T-Y
New		35	%		30	%		26	%		23	%		41	%
Mainstream		45	%		49	%		52	%		-3	%		-10	%
Base		14	%		15	%		16	%		5	%		-6	%
Support		6	%		6	%		6	%		8	%		16	%

*Products are classified as follows:

New Products: Virtex-5, Virtex-4, Spartan-3, and CoolRunner™^- II products
Mainstream Products: Virtex-II, Spartan-II, CoolRunner and Virtex-E products
Base Products: Virtex, Spartan, XC4000 and XC9500 products
Support Products: Configuration solutions, HardWire, Software & Support/Services

Highlights –December Quarter Fiscal 2008:

• Virtex-5, the industry’s first 65-nm FPGA family and the only 65-nm FPGA family with embedded transceivers, posted strong sales growth during the quarter, doubling sequentially. Strength during the quarter was driven by a broad base of customers, particularly within the communications end market.
• Xilinx introduced version 7 of the award-winning MicroBlaze processorproviding design teams with enhanced system level performance, expanded flexibility and increased design environment productivity covering a broad range of applications.

2

Business Outlook – March Quarter Fiscal 2008

• Revenues are expected to be up 3% to down 1% sequentially.
• Gross margin is expected to be approximately 63%.
• Operating expenses are expected to be approximately flat sequentially.
• Other income including interest expense is expected to be approximately $10 million.
• Tax rate is expected to be approximately 20%.
• Fully diluted share count is expected to be approximately 286 million shares.

Change in Business Update Practice

Effective immediately, the Company will discontinue the practice of issuing scheduled mid-quarter business updates. As a result, no fourth quarter business update press release will be issued during the March quarter.

This release contains forward-looking statements and projections. Forward-looking statements and projections can often be identified by the use of forward-looking words such as “expect” “may,” “will,” “could,” “believe,” “anticipate,” “estimate,” “continue,” “plan,” “intend,” “project” or other similar words. Undue reliance should not be placed on such forward-looking statements and projections, which speak only as of the date they are made. Actual events and results may differ materially from those in the forward-looking statements and are subject to risks and uncertainties including the general health of global economies as well as of the semiconductor industry, the health of our end markets and our customers' customers, our ability to forecast end customer demand, customer acceptance of our new products, the ability of our customers to manage their inventories, a high dependence on turns business, more customer volume discounts than expected, greater product mix changes than anticipated, fluctuations in manufacturing yields, our ability to deliver product in a timely manner, our ability to successfully manage production at multiple foundries, variability in wafer pricing, and other risk factors listed in our most recent Forms 10-K and 10-Q.

About Xilinx

Xilinx, Inc. (NASDAQ: XLNX) is the worldwide leader of programmable logic solutions. Additional information about Xilinx is available athttp://www.xilinx.com.

3

XILINX, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(In thousands, except per share amounts)

	Three Months Ended							Nine Months Ended
	Dec. 29,		Dec. 30,			Sept. 29,		Dec. 29,		Dec. 30,
	2007		2006			2007		2007		2006
Net revenues	$	474,806	$	450,725		$	444,894	$	1,365,612	$	1,399,267
Cost of revenues		174,414		177,963			170,122		513,014		550,602
Gross margin		300,392		272,762			274,772		852,598		848,665
Operating expenses:
Research and development		91,011		96,092			88,294		267,175		289,625
Selling, general and administrative		92,453		89,973			90,204		272,856		279,853
Amortization of acquisition-related intangibles		1,582		2,007			1,897		5,376		6,069
Litigation settlements and contingencies		-		2,500			-		-		2,500
Stock-based compensation related to prior years		-		-			-		-		2,209
Total operating expenses		185,046		190,572			180,395		545,407		580,256
Operating income		115,346		82,190			94,377		307,191		268,409
Impairment loss on investments		-		(1,513	)		-		-		(1,950	)
Interest and other, net		14,385		22,440			19,504		47,422		63,413
Income before income taxes		129,731		103,117			113,881		354,613		329,872
Provision for income taxes		26,139		15,608			24,183		77,045		66,826
Net income	$	103,592	$	87,509		$	89,698	$	277,568	$	263,046
Net income per common share:
Basic	$	0.36	$	0.26		$	0.30	$	0.94	$	0.77
Diluted	$	0.35	$	0.26		$	0.30	$	0.92	$	0.76
Cash dividends declared per common share	$	0.12	$	0.09		$	0.12	$	0.36	$	0.27
Shares used in per share calculations:
Basic		289,703		334,062			298,008		296,714		339,571
Diluted		293,036		339,669			302,226		301,030		345,347

XILINX, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)

	Dec. 29,		March 31,
	2007		2007
	(Unaudited)		(1)
ASSETS
Current assets:
Cash, cash equivalents and short-term investments	$	1,315,947	$	1,137,915
Investment in United Microelectronics Corporation, current portion		50,167		-
Accounts receivable, net		229,293		182,295
Inventories		132,054		174,572
Deferred tax assets and other current assets		165,675		205,320
Total current assets		1,893,136		1,700,102
Net property, plant and equipment		412,068		413,036
Long-term investments		574,386		675,713
Investment in United Microelectronics Corporation, net of current portion		-		67,050
Other assets		333,164		323,454
Total Assets	$	3,212,754	$	3,179,355
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	232,428	$	214,317
Deferred income on shipments to distributors		105,645		89,052
Total current liabilities		338,073		303,369
Convertible debentures		999,810		999,597
Deferred tax liabilities		107,428		102,329
Other long-term liabilities		32,717		1,320
Stockholders' equity		1,734,726		1,772,740
Total Liabilities and Stockholders' Equity	$	3,212,754	$	3,179,355

(1) Derived from audited financial statements

XILINX, INC.
SUPPLEMENTALFINANCIALINFORMATION
(Unaudited)
(In thousands)

	Three Months Ended									Nine Months Ended
	Dec. 29,			Dec. 30,			Sept. 29,			Dec. 29,			Dec. 30,
	2007			2006			2007			2007			2006
SELECTED CASH FLOW INFORMATION:
Depreciation	$	13,497		$	12,594		$	14,380		$	40,323		$	38,103
Amortization		4,328			4,437			4,604			13,537			13,390
Stock-based compensation		16,456			21,443			15,753			48,730			70,157
Net cash provided by operating activities		207,744			173,173			145,066			479,134			445,935
Purchases of property, plant and equipment		(10,737	)		(20,605	)		(13,019	)		(39,355	)		(47,594	)
Payment of dividends to stockholders		(34,480	)		(30,059	)		(35,683	)		(105,881	)		(91,220	)
Repurchases of common stock		(200,000	)		(150,000	)		(150,000	)		(350,000	)		(400,000	)
Proceeds from issuance of common stock to employees and excess tax benefit		11,610			35,474			30,738			90,394			104,173
STOCK-BASED COMPENSATION INCLUDED IN:
Cost of revenues	$	1,937		$	2,292		$	1,677		$	5,785		$	8,360
Research and development		7,977			10,029			7,247			22,526			32,203
Selling, general and administrative		6,542			9,123			6,829			20,419			29,595