|Author (Corporate)||Council of the European Union|
|Series Title||Official Journal of the European Union|
|Series Details||L 256, Pages 3-51|
|Content Type||Legislation, Policy-making|
Regulation (EU) 2021/1173 - formally adopted by the Council of the European Union on 13 July 2021 - establishing the European High Performance (EuroHPC) Joint Undertaking for the period 2021-2027.
High Performance Computing (HPC) refers to computing systems (also known as supercomputers) with extremely high computational power that are able to solve hugely complex and demanding problems. Regulation (EU) 2018/1488 established the EuroHPC Joint Undertaking as a legal and financial framework, pooling resources from the European Union (EU), 32 countries and two Private Members.
This Regulation offers a continuation of the existing initiative, introducing modifications to adapt the Regulation to the programmes in the framework of the Multiannual Financial Framework (MFF) 2021-2027, but also to reflect the priorities of the European Commission, and to make it possible for the Joint Undertaking to use funding from the programmes established for the seven-year period. The Staff Working Document accompanying the proposal summarises the evidence collected since the EuroHPC was first established. The Regulation repeals Regulation (EU) 2018/1488.
The draft law was tabled by the European Commission on 18 September 2020. The Council of the European Union adopted a general approach on this file on 28 May 2021. The European Parliament's plenary adopted an opinion on 24 June 2021. The Council formally adopted the proposed Regulation on 13 July 2021. The Act was published in the Official Journal on 19 July 2021.
|Subject Categories||Business and Industry, Culture, Education and Research, Internal Markets|
|Subject Tags||Digital Single Market [DSM], Industrial Policy, Multiannual Financial Framework [MFF]|
|Keywords||Digital Technology, MFF 2021-2027
|International Organisations||European Union [EU]|