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AMD Awarded US$12.6 Million in Supercomputing Grants from US Government

AMD Awarded US$12.6 Million in Supercomputing Grants from US Government

AMD has been granted US$ $12.6 million under the FastForward program. The program is a joint effort between the National Nuclear Security Administration and the Department of Energy to advance research of exascale computers that are a 1000 times faster than current supercomputers.

AMD will apportion US$9.6 million for processor research and save the remaining US$3 million for memory advancements. This cash infusion in the form of the government-back research fund bodes well for the company as it has recently slashed their second quarter sales outlook by 11 percent over the first quarter

This isn’t the first time that AMD has worked with the US government on supercomputer projects. The Jaguar supercomputer at Oak Ridge National Laboratory in the US is powered by AMD Opteron 16-core CPUs. That system is currently under upgrading efforts and is known as the Titan that is similarly powered by AMD 16-core Opteron 6274 processors.

(Source: AMD via The Verge, Bloomberg, OLCF)

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