Intel to Buy Chip Technology From Cray for $140 Million
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Intel will also get 74 of Cray’s employees when it purchases the technology, Seattle-based Cray said in a statement today. The transaction will close before the end of the current quarter, Intel said in a separate statement.
Intel will use the technology and the design team to help growth in so-called high-performance computing. HPC uses high- end machines to perform mathematically demanding tasks such as financial risk calculation or the analysis of data in oil and gas exploration.
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