May 17, 2019

HP buys US supercomputer maker Cray Inc

Hewlett Packard Enterprise has bought Cray Inc, maker of some of the fastest supercomputers in the world. Cray Inc's machines are capable of processing trillions of calculations per second and have been used by the UK's Met Office and GCHQ. Shares in Cray jumped by 18% after announcing the $1.3bn deal. Seymour Cray, who helped originate the company in the 1950s, is widely recognised as designing the first commercially successful supercomputer. Cray computers feature a number of times in the world's top 500 supercomputers, and are used by the likes of the Met Office to improve its weather forecasting and climate modelling. HPE is paying $35 per share for Cray, which is based in Seattle and employs 1,300 people.

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