Cray DD49 - Musée Des Arts Et Métiers
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Cray DD49 - Musée Des Arts Et Métiers
Cray Inc., a subsidiary of Hewlett Packard Enterprise, is an American supercomputer manufacturer headquartered in Seattle, Washington. It also manufactures systems for data storage and analytics. Several Cray supercomputer systems are listed in the TOP500, which ranks the most powerful supercomputers in the world. In 1972, the company was founded by computer designer Seymour Cray as Cray Research, Inc., and it continues to manufacture parts in Chippewa Falls, Wisconsin, where Cray was born and raised. After being acquired by Silicon Graphics in 1996, the modern company was formed after being purchased in 2000 by Tera Computer Company, which adopted the name Cray Inc. In 2019, the company was acquired by Hewlett Packard Enterprise for $1.3 billion. History Background: 1950–1972 In 1950, Seymour Cray began working in the computing field when he joined Engineering Research Associates (ERA) in Saint Paul, Minnesota. There, he helped to create the ERA 1103. ERA eventually became ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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