Commissioner Gabriel said: "Initially proposed by the Commission in January this year, the EuroHPC Joint Undertaking becomes a reality a mere ten months later. In record time, the EU and its Member States have joined forces and put in place a powerful mechanism to allow Europe to regain leadership and become one of the top three supercomputing powers in the world. Supercomputing is a powerful driver in the new global digital economy, a key technology at the heart of many scientific discoveries and industrial innovations that can answer fundamental scientific questions, help our industry innovate and improve our daily lives by bringing tangible benefits to the citizens."
The meeting is an opportunity to agree on the Joint Undertaking's rules of functioning and on its targets and implementation agenda for 2019, including the investments in infrastructure and research and innovation activities that will help develop a supercomputing ecosystem in the EU. In early 2019, the first investment decisions will be taken about procuring petascale (capable of a million billion or 10**15 calculations per second) and pre-exascale (capable of a hundred million billion or 10**17 calculations per second) supercomputers. These machines will be procured in the next two years and located in Member States that are participating in the Joint Undertaking.
The Regulation establishing the JU was approved in September 2018, and it will be operational until the end of 2026. Its budget consists of 486 million euro from the EU's current budgetary framework, more specifically from the Horizon 2020 and Connecting Europe Facility (CEF) programmes, matched by a similar amount from participating countries. Private entities are also due to provide in-kind contributions to the value of over 400 million euro. The JU will provide financial support in the form of procurement and research and innovation grants to participants, following open and competitive calls.