Intel today announced that it has made multi-million Euro investment in its European lab, where it'll work to create a computer chip that will be 1000 times faster than today's fastest supercomputers. The effort is part of Intel Labs Europe, Intel’s research network of 900 researchers in the European region, and will help create Exascale machines that are able to process 1 trillion – or 1 million million million – instructions per second.

Intel will support the Exascale Computing Research Center with a multi-million Euro investment over a 3-year period.

The French Atomic Energy Commission (Commissariat à l'Énergie Atomique), the Versailles Saint-Quentin-en-Yvelines University (Université de Versailles Saint-Quentin-en-Yvelines) and the French National High-Performance Computing Agency (Grand Equipement National de Calcul Intensif) will combine to match Intel’s contribution.

The Exascale Computing Research Center will combine French research expertise and high-performance computing vision with Intel’s leading products, technologies and experience in this area. The lab will employ about a dozen people initially and is expected to eventually grow to about three times that number.