Trending Articles
Trending Topics
Trending
IBM has announced that it plans to invest $150 billion over the next five years in the United States to “fuel the economy” and to strengthen its position in the computing space.
According to the Big Blue, it will set aside more than $30 billion in research and development to bolster its manufacturing of mainframe and quantum computers in America.
“Technology doesn’t just build the future – it defines it,” said IBM Chairman, President and CEO Arvind Krishna.
“We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we are ensuring that IBM remains the epicenter of the world’s most advanced computing and AI capabilities.”
The company touted the investment will continue to carry on its American “legacy” and “unwavering commitment to the future of American innovation”.
“More than 70% of the entire world’s transactions by value run through the IBM mainframes that are manufactured right here in America,” the company stated in its press release.
It continued in a similarly patriotic manner: “IBM also operates the world’s largest fleet of quantum computer systems, and will continue to design, build and assemble quantum computers in America.
“Quantum computing represents one of the biggest technology platform shifts and economic opportunities in decades and will solve problems that today’s conventional computers cannot solve. Enabling these solutions will not only help us better understand the fundamentals of how the world works but are projected to transform American competitiveness, jobs, and national security.”
IBM is the latest technology company to pivot its focus on manufacturing in America after President Donald Trump announced the US government would impose high “reciprocal” tariffs on a long list of countries.
However, shortly after making the tariffs announcement on so-called Liberation Day, Trump said tariff exemptions would apply to chips, as well as smartphones, computers and other consumer electronics.
Days after announcing the exemptions, Trump then changed his tune again, announcing tariffs would apply on imported semiconductors.
Last month, Nvidia announced plans to produce up to half a trillion US dollars’ worth of AI infrastructure in the United States over the next four years through partnerships with Taiwan Semiconductor Manufacturing (TSMC), Foxconn, Wistron, Amkor and SPIL.
