Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

HP Enterprise acquires supercomputer maker Cray in the race to ‘exascale’ performance

The Verge Friday, 17 May 2019 ()
HP Enterprise acquires supercomputer maker Cray in the race to ‘exascale’ performanceHewlett Packard Enterprise, not to be confused with the personal computing brand from which it split in 2015, said today that it acquired Cray, an iconic maker of supercomputers with a rich history in the computing industry. The deal is said to be valued at $1.4 billion.

Cray, which was founded in 1972 by “the father of supercomputing,” Seymour Cray, is currently contracted to build two of the world’s fastest supercomputers for two US Department of Energy Labs: the Oak Ridge National Laboratory and the Argonne National Laboratory. Both systems, one called Frontier being built in partnership with AMD and one called Aurora with Intel, are promised to bring so-called “exascale” performance, with raw performance power of the excess of 1.5...
0
shares
ShareTweetSavePostSend
 
Credit: Wochit Business - Published < > Embed
News video: Hewlett Packard Enterprise To Purchase Cray in $1.30 Billion Deal

Hewlett Packard Enterprise To Purchase Cray in $1.30 Billion Deal 00:32

Reuters reports that Hewlett Packard Enterprise Co will purchase supercomputer manufacturer Cray Inc. The deal was announced on Friday by Cray and is valued at approximately $1.30 billion, net of cash. The purchase is expected to close by the first quarter of HPE’s fiscal year 2020. Hewlett Packard...

Recent related videos from verified sources

Hewlett Packard enterprise to purchase Cray in $1.30 billion deal [Video]Hewlett Packard enterprise to purchase Cray in $1.30 billion deal

Reuters reports that Hewlett Packard Enterprise Co will purchase supercomputer manufacturer Cray Inc. The deal was announced on Friday by Cray and is valued at approximately $1.30 billion, net of cash...

Credit: Rumble     Duration: 00:32Published


Recent related news from verified sources

Seattle-based supercomputer maker Cray agrees to $1.3 billion acquisition by Hewlett Packard Enterprise

The acquisition would combine Cray’s supercomputing strength, and market position in academia and government, with HPE’s broader portfolio, including its...
Seattle Times

Hewlett Packard Enterprise close to buying supercomputer maker Cray - Bloomberg

Hewlett Packard Enterprise close to buying supercomputer maker Cray - Bloomberg
Hewlett Packard Enterprise Co is in advanced discussions to buy Cray Inc, a supercomputer manufacturer, Bloomberg reported on Thursday, citing people with...
WorldNews

HPE buys supercomputer company Cray for $1.3 billion

After a brief swirl of rumors early Friday morning, Hewlett Packard Endeavor (HPE) showed that it plans to obtain US supercomputer maker Cray for roughly...
The News Articles

Shares of supercomputer seller Cray power up on $1.3 billion HP Enterprise acquisition

Shares of Cray Inc (NASDAQ:CRAY) surged after the supercomputer developer announced an agreement to be acquired by Hewlett Packard Enterprise Company (NYSE:HPE)...
Proactive Investors Also reported by •SFGateReuters

The CEO of Hewlett Packard Enterprise explains how its $1.3 billion acquisition of Cray fits into the master plan — and why it could give it a boost with government customers (HPE, CRAY, AMZN, MSFT)

The CEO of Hewlett Packard Enterprise explains how its $1.3 billion acquisition of Cray fits into the master plan — and why it could give it a boost with government customers (HPE, CRAY, AMZN, MSFT)
· Hewlett Packard Enterprise CEO Antonio Neri told Business Insider that the $1.3 billion deal to buy legendary supercomputer manufacturer Cray will boost HPE's...
Business Insider

You Might Like


Other recent news in Technology

Bose announces its smallest smart speaker yet and launches GOOGLE ASSISTANT supportThis CEO launched People.ai, an AI startup, to fix the hassles he encountered as a SOFTWARE salesman. Now, he just scored another $60 million from ICONIQ and Andreessen Horowitz.
PayPal's CFO says its new partnership with Facebook Marketplace could dwarf the BUSINESS it does with eBayHuawei CEO REN ZHENGFEI says the company is 'fully prepared' for a conflict with the US
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.