Intel Acquires Hardware Division From Cray
Santa Clara-based chip maker Intel has acquired the interconnect hardware development program of supercomputer maker Cray, Cray said late Tuesday, in a deal worth $140M in cash. Cray said it has agred to sell its interconnect hardware development program and related intellectual property, and transfer 74 employees to Intel, in a bid to strengthen its balance sheet.
posted on Wednesday, April 25, 2012
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