Tag: federal funding
On Wednesday, November 6, 2013, the US Senate Committee on Commerce, Science, and Transportation held a hearing to explore the reauthorization of the America COMPETES Act, which funds government research and development initiatives, essential for maintaining the country’s global position. Passed in 2007, the America COMPETES Act was intended to double federal spending in science Read more…
<img src=”http://media2.hpcwire.com/hpcwire/argonne_crop.jpg” alt=”" width=”94″ height=”72″ />Prominent figures in government, national labs, universities and other research organizations are worried about the effect that sequestration and budget cuts may have on federally-funded R&D in general, and on HPC research in particular. They have been defending the concept in hearings and in editorial pages across the country. It may be a tough argument to sell.
Supercomputer maker Cray has posted a modest loss for the first quarter of 2011 and downgraded its low-end revenue expectations for the year by $20 million. In a conference call with investors, Cray CEO Peter Ungaro blamed most of this on a slowdown in government funding, as countries retreat from the spending spree of the last couple of years. Despite that, Ungaro and company are still aiming for a profitable year as they prepare to roll out new supercomputer offerings in the second half of 2011.
Analysis of PCAST report turns into call to action.