The document discusses the importance and applications of high performance computing (HPC). It provides examples of when HPC is needed, such as to perform time-consuming operations more quickly or handle high volumes of data/transactions. It also outlines what HPC studies, including hardware components like computer architecture and networks, as well as software elements like programming paradigms and languages. Additionally, it notes the international competition around developing exascale supercomputers and some of the research areas that utilize HPC, such as finance, weather forecasting, and health care applications involving large datasets.