Is self-awareness merely an information process?

This has been a topic that I’ve been reading up on for a long time now. I know this type of question has been asked on here before several times, but it has been a while since I’ve seen any quality discussions about this.

I want to narrow the question down to whether self-awareness is merely an information process or not. Some engineers believe that when computing speeds reach a high enough level, like ten to the sixteenth power operations per second, machines will become self-aware. The only catch here is to create an algorithm for the ‘mind’ to go along with that processing speed.

Others have pointed out that what constitutes consciousness is more sophisticated than just information processing. It has been pointed out that the Turing test, which potentially would be used to detect self-awareness in a machine, would fail too. It is argued that the Turing test is only good for measuring information processing and the ability to imitate humanlike dialog, not self-awareness in itself. Here is a five page link that goes into more detail about what I’m asking here.