SANTA CLARA, Calif. (AP) ? Chipmaking giant Intel Corp. said Tuesday that it had formed a subsidiary to address opportunities working with the U.S. government. The unit, called Intel Federal LLC, will initially focus on the high-performance computing segment, including work on so-called “exascale” supercomputers.
One goal of such supercomputing is to reach performance levels a hundred times more powerful than today by 2018.
Intel also said that Dave Patterson, most recently president and CEO of Optelecom-NKF Inc., has been appointed president of Intel Federal. The unit will have offices in Oregon, California and the Washington, D.C., area.
Intel shares were down 8 cents at $20.21 midday Tuesday; the overall market was down slightly.