dcblogs writes "The European Commission last week said it is doubling its multi-year investment in the push for exascale computing from €630 million to €1.2 billion (or the equivalent of $1.58 billion). They are making this a priority even as austerity measures are imposed to prevent defaults. China, meanwhile, has a five-year plan to deliver exascale computing between 2016-20 (PDF). The Europeans announced the plan the same week the White House released its fiscal year 2013 budget, which envisions a third year of anemic funding to develop exascale technologies. Last year, the U.S. Department of Energy science budget asked for nearly $91 million in funding for the efforts in the current fiscal year; it received $73.4 million. DOE science is trying for about $90 million for exascale for 2013. There's more funding tucked in military and security budgets. The U.S. wants exascale around 2018, but it has yet to deliver a plan or the money for it."