Applied Micro's X-Gene To Power HPE's StoreVirtual 3200

A leading computing and connectivity solutions company, Applied Micro Circuits Corporation (NASDAQ:AMCC) , recently revealed that Hewlett Packard Enterprise Company (NYSE:HPE) has introduced Applied Micro’s X-Gene technology in its new StoreVirtual 3200 virtualized infrastructure solution.

Based in Palo Alto, CA, Hewlett Packard Enterprise is an American multinational company that provides information technology products and services. The company was founded on Nov 1, 2015, as part of the split of Hewlett-Packard Company (NYSE:HPQ). Hewlett Packard Enterprise has four divisions, namely, Enterprise Group, which works in servers, storage, networking, consulting and support; Services; Software; and Financial Services.

Applied Micro’s “X-Gene” family of multi-core processors, which are based on 64-bit ARM v8 core, has enabled it to target web servers as well as high-end control and data plane applications. This technology prevents the requirement for external additional networking and IO components, which in turn reduces the overall power and cost of the platform. This system will provide total cost of ownership (TCO) savings to end customers. Hence, it’s not surprising why Hewlett Packard Enterprise chose AppliedMicro’s X-Gene Solution.

The collaboration with Hewlett Packard Enterprise to incorporate Applied Micro’s X-Gene technology in Hewlett Packard’s StoreVirtual 3200 storage server will help provide excellent storage performance to customers as well as reduce the overall total cost of ownership.

The deal is a win-win situation for both the parties involved as it will help Hewlett Packard Enterprise to offer better and innovative solutions to its customers as well as augment Applied Micro’s top-line growth.

Headquartered in Sunnyvale, CA, Applied Micro manufactures high-bandwidth low power integrated circuits and semiconductor solutions for the enterprise, telecom and consumer/small medium businesses. Applied Micro’s broad portfolio of products and services and continued efforts to provide maximum consumer satisfaction have strengthened its position to command a substantial market share. In addition, the company’s associations with renowned server OEMs are expected to be a growth driver, which will help in augmenting its businesses, going forward. The company expects to witness revenue improvement largely driven by growth of data center and wire-line infrastructures.

Applied Micro carries a Zacks Rank #3 (Hold). A couple of better-ranked stocks in the industry include Alpha & Omega Semiconductor, Ltd. (NASDAQ:AOSL) and FormFactor Inc. (NASDAQ:FORM) . Both stocks sport a Zacks Rank #1 (Strong Buy).