Mainland Chinese firm to build HK$23.8 billion Hong Kong supercomputing hub
Range Intelligent Computing Technology to commence operations in 42 months, with a cumulative investment of HK$23.8 billion over the first three years
A mainland Chinese firm has won the tender to build a supercomputing hub in Hong Kong’s Northern Metropolis, agreeing to pay a land premium of HK$581 million (US$74.25 million) and invest HK$23.8 billion over the first three years to boost the city’s computing power 36-fold.
Secretary for Innovation, Technology and Industry Sun Dong revealed on Monday the winning bidder was Range Intelligent Computing Technology, whose ultimate holding company, Shenzhen-listed Runze Intelligent Computing Technology Group, specialises in developing and operating high-end data facilities on the mainland. The company was the sole bidder for the project at Sandy Ridge.
“Many companies indicated interest in the project and joined our site visit, but there is a world of difference between being interested and submitting a formal bid with real money,” Sun said.
The company has pledged to begin operations within 42 months and invest HK$23.8 billion over the first three years.
During its first three years of operation, the project is expected to create 180 skilled positions and generate an economic output of HK$4.6 billion.
By 2032, Hong Kong’s computing power is expected to reach 180,000 petaflops – equal to 180,000 quadrillion calculations per second – equivalent to 36 times the current capacity.