That sorta makes sense.
I was thinking cray might already have another interconnect lined up and doesn't strictly need this any longer, but maybe not, maybe the deal's more like a share type deal. Though if so, were I cray, I'd've preferred to get some royalties or other kickbacks should intel haul in the big grant money.
On another level, it sort-of stings that such a bloody big company still rakes in the grants; I'd say it'd be more interesting to feed small fry as it's more likely to come up with something truly new. Then again, that's the united states of tax breaks for big companies for you. Something ultimately for that founding father-envisioned better educated American[tm] voter to sort out.