Three months after IBM backed out of Blue Waters supercomputer project showing technical and cost related concerns, the University of Illinois confirmed that Seattle-based Cray Inc. is taking over the project.
The project was primarily funded by National Science Foundation and now Cray is expecting to bring the computer online by next year according to the schedule.
Director of University of Illinois' National Center for Supercomputing Applications, Thom Dunning, said, "We clearly had to do it real quickly", reported Fox news.
Dunning also added, "NSF's goal was to keep the project on track as much as it possibly could be."
On the other hand, Cray CEO Peter Ungara, declared that the cost as well as the financing will essentially remain the same.
The fund distribution is, National Science Foundation is providing $200 million and rest $100 million will be given by the University and the state of Illinois and Cray's contribution will be $188 million. The amount to be paid by Cray is equal to almost half of their total revenue earned in the most recent fiscal year.
CEO Ungara commented, "It's a very big deal for us. It's a huge contract based on the size of the company and we couldn't be more excited about it."