IBM Announces New Supercomputer Agreement

IBM Corp. and the Korea Institute of Science Technology and Information (KISTI) announced a $27 million agreement in which IBM will provide supercomputers for use in Korea's life science and high performance computing research efforts.

Capable of achieving 4.24 trillion calculations per second, the machine will be used for both natural and applied sciences such as life science, physics, chemistry and fluid mechanics (hydromechanics). Incorporating IBM eServer POWER4 technology, the machine is expected to be among the 10 largest in the world when it is fully installed in early 2003. The first phase of the installation will be completed by the end of this year.

KISTI and IBM also have signed a memorandum of understanding that IBM will cooperate with KISTI in the building of the nation's Technical Support Center for High Performance Computing and Life Sciences. IBM will provide technical expertise and resources in cooperation with its global supercomputer research support centers.

For more information, visit www.kisti.re.kr, or www.ibm.com.