IBM Invests $150 Billion in US Technology Development
IBM announced a significant $150 billion investment in US technology development over the next five years. This commitment includes over $30 billion dedicated to research in mainframe and quantum computing.
The company aims to stimulate economic growth and solidify its position as a global leader in computing and AI. This investment underscores IBM's long-standing commitment to American jobs and manufacturing.
“We have been focused on American jobs and manufacturing since our founding 114 years ago,” stated CEO Arvind Krishna. “With this investment and manufacturing commitment, we are ensuring that IBM remains the epicenter of the world’s most advanced computing and AI capabilities.”
This substantial investment follows a trend of major tech companies increasing their US manufacturing presence. Companies like Apple and Nvidia have also announced similar multi-billion dollar investments.
IBM's focus on mainframe and quantum computing research highlights the company's dedication to cutting-edge technology. This investment is expected to drive innovation and create new opportunities within the tech sector.
For more details, read the official IBM press release.
Bloomberg also provides further context on this investment, noting similar moves by other tech companies: Read the Bloomberg article.
