A China-made supercomputer has been named the World’s fastest of its kind, and runs almost twice as fast as the previous U.S. record holder.

The TOP 500 list, which is compiled by a group of international experts and ranks supercomputers worldwide twice a year, showed in its latest version that China-built Tianhe-2, meaning Milky Way-2 in English, is capable of operating at 33.86 petaflops per second, the equivalent of 33,860 trillion calculations per second according to state television.

Designed and built by the National University of Defence Technology in central China’s Changsha city and sponsored by the government, Tianhe-2 knocked Titan, designed by the Oak Ridge National Laboratory of the U.S. Department of Energy, off the top spot on the Linpack benchmark.

Titan computes at 17.59 petaflops per second.

Tianhe-2, which cost 100 million U.S. dollars, is expected to be put into use later this year, CCTV said.

Tianhe-2 marks China’s return to the No. 1 position on the TOP 500 list since November 2010, when Tianhe-1A was the top system.

Tianhe-1A is now ranked No. 10 on the list.