Is HPE about to buy supercomputer maker Cray?

Hewlett Packard Enterprise (HPE) could soon acquire US supercomputer maker Cray, potentially giving HPE a lead position in the world supercomputer market.

Citing sources familiar with the talks, Bloomberg on Friday reported the discussions were at an "advanced" stage and that a deal could be announced this week.

The world's fastest supercomputer today is the US Department of Energy's Oak Ridge National Laboratory IBM-powered Summit, whose performance is measured in the hundreds of petaflops.

But by 2021 it will be eclipsed by Frontier, a mammoth $600 million, 1.5 exaFlop , supercomputer to be built by Cray and AMD for DOE Oak Ridge.

Cray this month reported a first quarter loss of $29 million , but the company is upbeat about demand for exascale computing and the potential adoption of its Shasta supercomputer platform and Slingshot interconnect technology.

HPE is scheduled to announce its second quarter earnings next Thursday.

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