In this paper we develop the first fine-grained rounding error analysis of finite element (FE) cell kernels and assembly. The theory includes mixed-precision implementations and accounts for hardware-acceleration via matrix multiplication units, thus providing theoretical guidance for designing reduced- and mixed-precision FE algorithms on CPUs and GPUs. Guided by this analysis, we introduce hardware-accelerated mixed-precision implementation strategies which are provably robust to low-precision computations. Indeed, these algorithms are accurate to the lower-precision unit roundoff with an error constant that is independent from: the conditioning of FE basis function evaluations, the ill-posedness of the cell, the polynomial degree, and the number of quadrature nodes. Consequently, we present the first AMX-accelerated FE kernel implementations on Intel Sapphire Rapids CPUs. Numerical experiments demonstrate that the proposed mixed- (single/half-) precision algorithms are up to 60 times faster than their double precision equivalent while being orders of magnitude more accurate than their fully half-precision counterparts.
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