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The EU will invest one billion in high-performance computing

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The EU will invest one billion in high-performance computing
October 01
15:00 2018

The EU Council is ready to support the plan of the European Commission, which includes investing in the creation of supercomputer infrastructure. The states that are members of the European Union will also participate in the project. The amount of investments will be nearly one billion euros.

Regulations were adopted last week. According to the rules of procedure, the development of the technology that allows carrying out large calculations will be stimulated by a joint venture.

The report of the Council states: “The enterprise will be engaged in the regulation of general resources designed to develop high-capacity computers to work with large amounts of data. They are necessary to meet the current level of the development of science and society.”

EuroHPC is a name of the company that will be placed in Luxembourg. The countries of Europe and several other states will be its members. According to the forecasts, the joint venture will open its doors early next year.


The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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