European Commission will invest EUR 1 billion in world-class European supercomputers by 2020

On 11th of January 2018 the European Commission confirmed its commitment to the EuroHPC strategy announcing its plan to invest jointly with the Member States in building a world-class European supercomputer infrastructure.

A new legal and funding structure – the EuroHPC Joint Undertaking – will enable pooling of the Union's and national resources on High-Performance Computer (HPC) infrastructure.
It will support a research and innovation programme to develop the technologies and machines (hardware) as well as the applications (software) that would run on these supercomputers. 
The EU's contribution in EuroHPC will be around EUR 486 million under the current Multiannual Financial Framework, matched by a similar amount from Member States and associated countries. Overall, around EUR 1 billion of public funding would be invested by 2020, and private members of the initiative would also add in kind contributions. 
Further information about the EuroHPC Joint Undertaking are available here.