IBM announced plans to invest $150 billion in America over the next 5 years to advance the economy and accelerate its role as a global leader in computing. And this includes an investment of over $30 billion in research and development to advance and continue IBM’s American manufacturing of mainframe and quantum computers.
IBM is known as one of the nation’s largest technology employers and has ushered in innovations that include the data processing systems that enabled the U.S. social security system, the Apollo Program that put a man on the moon, and power businesses in every industry.
This legacy continues in Poughkeepsie, New York, where the company manufactures the mainframes that are the technology backbone of the American and global economies. Over 70% of the entire world’s transactions by value run through the IBM mainframes that are manufactured here in America.
IBM also runs the world’s largest fleet of quantum computer systems, and will continue to design, build and assemble quantum computers in America. And 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 not only helps us better understand the fundamentals of how the world works, but are projected to transform American competitiveness, jobs, and national security. And IBM’s Quantum Network provides access to IBM’s quantum systems for nearly 300 Fortune 500 companies, academic institutions, national laboratories, and startups and is accessed by over 600,000 active users.
KEY QUOTE:
“Technology doesn’t just build the future — it defines it. 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.”
Arvind Krishna, IBM chairman, president and chief executive officer
