Intel (INTC) to Acquire Certain HPC Assets from Cray (CRAY)
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Intel Corporation (Nasdaq: INTC) has entered into a definitive agreement with Cray Inc. (Nasdaq: CRAY) to acquire certain assets related to its high-performance computing (HPC) interconnect program. With the agreement, Intel gains access to Cray’s world-class interconnect personnel and intellectual property.
The transaction is expected to close before the end of the current quarter, subject to customary closing conditions being met.
The transaction is expected to close before the end of the current quarter, subject to customary closing conditions being met.
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