AMD Awarded $12.6 Million By US Government As Supercomputing Grant

Posted on Jul 12 2012 - 5:02am by Karan Chopra

AMD has announced (via Reuters) that it was being selected for two research projects associated with the U.S. Department of Energy’s Extreme-Scale Computing Research and Development Program, known as “FastForward,” and has given a total award of $12.6 million. The DOE award of $12.6 million divided into two things: $9.6 million for processor-related research and up to $3 million for memory-related research. FastForward is a jointly funded collaboration between DOE Office of Science, and National Nuclear Security Administration (NNSA). The company is expected to announce weak second quarter profits next week and with such announcement, hope it gets some boost in energy.

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