On December 24, 2013, Japan's Ministry of Education, Culture, Sports, Science and Technology selected the RIKEN Institute of Physical and Chemical Research to develop a new exascale supercomputer that is expected to keep Japan at the leading edge of computing science and technology.
The new supercomputer, which is scheduled to begin working in 2020, will compute on the "exaflop" scale, meaning that it will be able to perform in the range of a quintillion (a million trillion) floating point operations per second. Exascale supercomputing is expected to make possible high-resolution simulations, contributing to advances in a wide range of areas including drug discovery, weather forecasting, and astrophysics.
The new system will be about 100 times faster than the K computer, RIKEN's currently operating machine, which in 2011 was ranked as the fastest supercomputer in the world. RIKEN was selected for the new project based on its experience developing and managing the K computer.
For more information, see the statement released on the Web site of the RIKEN Advanced Institute for Computational Science (AICS)