Tag: M&A

HPE Gobbles SGI for Larger Slice of $11B HPC Pie

Aug 11, 2016 |

Hewlett Packard Enterprise (HPE) announced today that it will acquire rival HPC server maker SGI for $7.75 per share, or about $275 million, inclusive of cash and debt. The deal ends the seven-year reprieve that kept the SGI banner flying after Rackable Systems purchased the bankrupt Silicon Graphics Inc. for $25 million in 2009 and assumed the SGI brand. Bringing SGI into its fold bolsters HPE’s high-performance computing and data analytics capabilities and expands its position…

Intel to Acquire AI Startup Nervana Systems

Aug 9, 2016 |

If we needed another sign that Intel is serious about mining AI market opportunities, it came today when the chip company announced it had inked a “definitive agreement” to acquire artificial intelligence and deep learning company Nervana Systems. Financial terms haven’t been disclosed yet, but a source familiar with the deal told Recode it’s worth more Read more…

HPE Spins Off Services Unit in Merger with CSC

May 25, 2016 |

HPE continues its development into an entity of still-evolving form with the announced spin-off of its enterprise services unit, which will be merged with CSC, in what the two companies expect to be a $26 billion “pure-play” IT services organization. The move is in keeping with the recent history of the iconic Silicon Valley company, following the 2014 split of the old Hewlett Packard into Hewlett Packard Enterprise (HPE – servers, cloud computing and other “enterprise units, along with HPC) and HP Inc. (PCs and printers).

Intel May Sell $1Billion of its Venture Assets

Mar 11, 2016 |

Bloomberg Business is reporting that Intel plans to sell up to $1 billion of its venture capital unit and will consolidate the organization. “Since its start in 1991, Intel Capital has invested about $11.6 billion in more than 1,440 companies in 57 countries across a range of sectors including security, wearable technology and digital media, Read more…

Market Responds to Intel-Altera Negotiations

Mar 30, 2015 |

If Intel Corp. goes ahead with purported plans to purchase programmable logic peddler Altera Corp., it would be the largest-ever acquisition in the x86 chipmaker’s 46-year history. Whether or not the deal actually goes through, the negotiations, first reported by the Wall Street Journal on March 27, are interesting for several reasons. As NASDAQ.com pointed Read more…

Will HPC Shops Accept Lenovo as Their System Supplier?

Jan 23, 2014 |

The rumors are confirmed at long last and Chinese PC and server maker Lenovo Group is buying IBM’s x86 server business for $2.3 billion. What does this mean for the HPC community? IBM sells x86 clusters into the broad HPC community and also peddles BlueGene/Q massively parallel systems based on its PowerPC processors as well Read more…