INTC Intel Corporation

By Michael Dabaie

Intel Corp. (INTC) said Monday it will deliver the first supercomputer with a performance of one exaFLOP in the U.S. to the Department of Energy's Argonne National Laboratory.

The contract is valued at more than $500 million and will be delivered to Argonne by Intel and sub-contractor Cray Inc. (CRAY) in 2021, Intel said. Cray said the program contract is valued at more than $100 million for the company.

Cray shares were up 3% to $25.80 Monday afternoon.

The Aurora system's exaFLOP of performance is equal to a quintillion floating point computations per second, Intel said.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

March 18, 2019 15:41 ET (19:41 GMT)

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