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Intel invests $10 billion in the Itanium

Posted on Friday, January 27 2006 @ 23:12:43 CET by


Intel's Itanium processor line hasn't really lived up the hype but the company still has faith in them, as they decided to invest $10 billion to boost new life into the Itanium:
The investment is a coup for the Itanium Solutions Alliance (ISA) that was founded in September last year. The announcement happened at the organization's first Executive League event, which was held to lay out the strategy for Itanium solution delivery through the end of the decade.

In an ISA January 26 press release, the organization did not specify the US$10 billion amount, but it mentioned that Bull, Fujitsu, Fujitsu Siemens, Hitachi, HP, Intel, NEC, SGI and Unisys announced their investment in Itanium solutions at the event, coincidentally these are all the founding members of the ISA. It also stressed the momentum that Itanium has gained with the claim that 70 of the Fortune 100 corporations are now utilizing or planning Itanium solution deployments and Itanium solutions are gaining market segment share from IBM Power and Sun Sparc solutions, with leading technology users making strategic investments in open, industry-standard Itanium solutions over proprietary alternatives. A year ago, this number was just 40, according to an Intel director of enterprise platform marketing quoted by InformationWeek.
More details at DigiTimes.


 



 

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