7505 Irvine Center: Solarflare’s home in Irvine Business Center

7505 Irvine Center: Solarflare’s home in Irvine Business Center

Irvine-based Solarflare Communications is being sold to San Jose-based Xilinx Inc. on undisclosed terms.

Solarflare’s chips are used in networking by companies in cloud computing and financial technology, or fintech. It’s Orange County’s 11th-largest chipmaker by employee count, with 75 local workers and 200 overall.

Xilinx (Nasdaq: XLNX) has a $30 billion market cap. It was part of a funding round last year for Solarflare, which was founded in 2001 and has raised some $300 million from investors including Oak Investment Partners, Anthem Venture Partners, Acacia Capital Partners and Miramar Venture Partners.

A few months ago Xilinx and Solarflare debuted their first product together, a new type of network interface card which Xilinx said will boost performance and reduce power consumption. It plans more products in areas such as “inline machine learning, video transcoding and data analytics.”

Buying Solarflare brings “market-leading technology and exceptional engineering talent,” said Salil Raje, a Xilinx executive vice president, in a statement.