Intel Corporation (NASDAQ:INTC) is working with Switch SUPERNAP to provide the “Cherry Creek” supercomputer to researchers at University of Nevada, Las Vegas (UNLV). The company made this announcement in a press release that it issued today.

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According to the PR, the Cherry Creek Supercomputer is one of the fastest and mostpowerful supercomputer in the world. The researches at UNLV currently access this supercomputer at Switch SUPERNAP’s Las Vegas data center. Intel Corporation (NASDAQ:INTC) is partnering with Switch to provide this supercomputer to researches.

The Cherry Creek supercomputer is said to be seven times faster in processing data than the supercomputer currently used by UNLV researchers, owing to the combination of Intel® Xeon® processors, Xeon Phi™ coprocessors and Intel® True Scale Fabric that Cherry Creek Uses.

As of June 30, 2014, Ken Fisher‘s Fisher Asset Management owns over 18 million shares in Intel Corporation (NASDAQ:INTC) .
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Ritesh Anan is a full-time derivatives trader. Though he firmly believes in the power of Technical Analysis, he is also a lifelong student of macroeconomics. In his free time, he reads anything and everything that comes from Robert J. Shiller, George Soros and Nassim Nicholas Taleb.