Hewlett Packard Enterprise will acquire Cray Inc., the legendary supercomputer developer, in a deal valued at approximately $1.3 billion, net of cash.
The companies said the deal was driven by opportunities in the high performance computing (HPC) sector, which is expected to grow from approximately $28 billion in 2018 to approximately $35 billion in 2021.
Cray traces its origin back to 1972 and the founding of Cray Research. The company is currently...
