This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Suzhou PowerCore Technology Co. Intends To Use IBM POWER Technology For Chip Design That Pushes Innovation In China

ARMONK, N.Y. and JIANGSU, China, Jan. 19, 2014 /PRNewswire/ -- IBM [NYSE: IBM], the Suzhou PowerCore Technology Company and the Research Institute of Jiangsu Industrial Technology today announced the two Chinese organizations will join the OpenPOWER Foundation, with Suzhou PowerCore intending to use IBM's POWER architecture to provide customized chip design solutions to push server innovation in such areas as Big Data, cloud computing and next generation data centers.

(Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO)

The OpenPOWER Foundation is an open development alliance based on IBM's POWER microprocessor architecture. The foundation intends to enable advance server, networking, storage and acceleration technology aimed at delivering more choice, control and flexibility to developers of next generation and cloud data centers. The foundation makes POWER hardware and software available to open development for the first time as well as making POWER intellectual property licensable to other manufacturers, greatly expanding the ecosystem of innovators on the platform.

Suzhou PowerCore plans to license IBM's POWER architecture, intellectual property related to POWER8 and chip design tools to develop and market processors for servers in China. The Research Institute of Jiangsu Industrial Technology will promote and help build an ecosystem for POWER development in Jiangsu Province and throughout China.

"The proposed collaboration between Suzhou PowerCore, the Research Institute of Jiangsu Industrial Technology and IBM will benefit those innovative businesses in China that are aggressively taking advantage of Big Data and cloud computing to capture growth in such industries as banking, communications, retail and transportation," said Bradley McCredie, Vice President and IBM Fellow, IBM Systems & Technology Group. "IBM is committed to enabling an increasing choice of POWER-based processor solutions for Chinese information technology users along with new server innovations for the POWER platform."

Suzhou PowerCore recently was created as part of an information technology ecosystem development initiative by Jiangsu Province and is located in the Suzhou National New & Hi-Tech Industrial Development Zone. Suzhou PowerCore already is working closely with leading Chinese chip design teams.

"We are excited about the potential opportunity to work with IBM and the OpenPOWER Foundation to bring new forms of innovation to China," said Jiang Zheng, CEO of Suzhou PowerCore Company. "This new model of global collaboration among foundation participants promises to bring much more choice and value to information technology users throughout China. We believe that Chinese opportunities for the POWER platform will serve as an engine of growth for Suzhou PowerCore, IBM, Jiangsu Province and the OpenPOWER Foundation."

In May 2013, IBM opened its first Linux development center for POWER server technology in Beijing. Since then, more than 550 new applications have been created for the POWER architecture with the center's help. POWER-based servers run some of the world's most popular Web-commerce sites and can be found at work in major enterprises around the world. 

The OpenPOWER Foundation was announced in August 2013 by founding members IBM, Google, Nvidia, Mellanox and Tyan to create a new, collaborative ecosystem of developers around IBM's POWER technology.

Contacts:

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,031.14 +43.63 0.26%
S&P 500 1,984.13 -1.41 -0.07%
NASDAQ 4,518.9020 -48.6960 -1.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs