The US Department of Energy hopes to develop computing systems that will be 20-40 times faster than today's supercomputers.
Mellanox Technologies Ltd. (Nasdaq:MLNX) has been chosen to be part of a US government project to provide key components for new supercomputers at two of the country's premier national labs - Oak Ridge National Laboratory (ORNL) and Lawrence Livermore National Laboratory (LLNL). The US Department of Energy is allocating $425 million for the High Performance Computing (HPC) project.
The US Department of Energy said that the new supercomputers, "will help to advance US leadership in scientific research and promote America's economic and national security."
In the project, Mellanox which will provide infiniband connectivity is collaborating with IBM and NVIDIA.
The project hopes to develop computing systems that will be 20-40 times faster than today's leading supercomputers.
Mellanox provided no financial details about the deal but said, "This is an important win for us. We will be building the future of supercomputing together with IBM and NVIDIA and we are proud and happy to take part in such a project."
Headquartered in Yokneam, Mellanox led by CEO Eyal Waldman has a market cap of $1.9 billion. The company provides chips, cards, communications switches and cables for transferring big data through enterprise communications.