Intel acquires HPC interconnect assets from Cray

Intel has agreed to buy specific high-performance-computing interconnect assets from server company Cray, the chip maker said on Tuesday.

Intel gets access to Cray's "interconnect personnel and intellectual property" with the agreement, Intel said in a statement. The technology and expertise will help Intel build its high-performance-computing portfolio as it looks to scale performance on servers, Intel said.

Intel will pay $140 million for Cray's assets, Cray said in a statement. As part of the deal, 74 Cray employees will join Intel. Read more...