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Europe under-investing in HPC according to EU Commission-funded report

“In recent years, Europe has under-invested in HPC, both in annual spending on computing resources and in research investments, while other nations' investments grew even during the economic recession; this was the message of an interim report on 'Developing a Supercomputing Strategy in Europe,' published by market research firm International Data Corporation (IDC) and commissioned by the Information, Society, and Media Directorate General of the European Commission. According to the report, European stakeholders from industry, research, and academia believe that Europe has a chance to jump back to the forefront of development for the next generation of HPC-based research, and for the applications and other software technologies required for the transition to petascale and exascale computing.” Read more at http://www.hpcprojects.com/news/news_story.php?news_id=1253
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