IBM Announces $150 Billion U.S. Investment to Accelerate Manufacturing and Quantum Computing
IBM is set to invest $150 billion in the U.S. over five years, focusing on mainframe and quantum computing to enhance manufacturing and economic growth.
Summary
IBM has announced a significant $150 billion investment in the U.S. over five years, with over $30 billion allocated for research in mainframe and quantum computing. CEO Arvind Krishna emphasized the company's commitment to American jobs and manufacturing since its inception 114 years ago. This move aims to bolster IBM's leadership in advanced computing and align with recent tariff policies set by the Trump administration to encourage local manufacturing. Competitors like Nvidia have also pledged substantial investments in U.S. production capabilities, indicating a wider trend among tech firms to strengthen domestic operations.