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United Kingdom,United States : INTEL CORPORATION to buy HPC interconnect Asset from CRAY INC for $140 Million [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) California-based Intel Corporation, a manufacturer of semiconductor chip announced that it has agreed to buy high-performance-computing (HPC) interconnect assets from Washington-based supercomputer manufacturer Cray Inc in a deal for $140 million in cash. As per the deal, Intel will purchase the interconnect technology and associated intellectual property which Cray uses on its high-performing computers. Diane Bryant, vice president and general manager of Intel s Datacenter and Connected System Group said, The acquisition of Cray s industry-leading interconnects technology and expertise provides exceptional strategic assets that further enhance Intel s HPC portfolio. (c) 2012 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |