The latest supercomputer developed by Japan's state-backed Riken research institute has the world's fastest computing speed, according to a biannual ranking announced Monday by the U.S.-European TOP500 project. The ranking marks the first time in nine years that a Japanese supercomputer has captured the top position.

The supercomputer, named Fugaku after Mount Fuji, also took the top spot in three other categories that measured performance in computational methods for industrial use, artificial intelligence applications and big data analytics.

It is the first time that a supercomputer has topped the rankings in the four categories, according to Riken.