China Evergrande invests in project to build world’s fastest supercomputer

17-Aug-2018 Intellasia | Reuters | 6:27 AM Print This Post

Property developer China Evergrande Group on Thursday said it will invest 1.65 billion yuan ($239.53 million) into six high-tech projects by the Chinese Academy of Sciences, including one aimed at building the world’s fastest supercomputer.

The other projects involve artificial intelligence, surgical robotics, unpiloted aircraft, health engineering and graphene. Together, the six projects have a current value of 4.6 billion yuan, Evergrande said in a statement.

The investment is the first from a total 100 billion yuan that Evergrande agreed with the academy to inject into high-tech sectors earlier this year.

Evergrande Chair Hui Ka Yan first announced in March that the property developer would explore opportunities in high-tech sectors to drive growth.

It set up a subsidiary in April focusing on high-tech agriculture. ($1 = 6.8885 Chinese yuan renminbi)


Category: China

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