China Evergrande Group has allocated $239.53 million for 6 hi-tech projects undertaken by the Chinese Academy of Sciences, which includes areas such as surgical robotics, graphene, artificial intelligence, unpiloted aircraft, and health engineering.
On Thursday, China Evergrande Group, a property developer, stated it plans on investing $239.53 million into six high-tech projects by the Chinese Academy of Sciences, including one aimed at building the world’s fastest supercomputer.
The other projects include surgical robotics, graphene, artificial intelligence, unpiloted aircraft, and health engineering. In total the 6 projects have a current value of 4.6 billion yuan, said Evergrande in a statement.
The investment is the first from a total 100 billion yuan that Evergrande has allocated to the high tech sector with the academy this year.
In March 2018, Evergrande’s Chairman Hui Ka Yan had announced that it would explore opportunities in high-tech sectors to drive growth.
In April, it set up a subsidiary to focus on high-tech agriculture.
($1 = 6.8885 Chinese yuan renminbi)