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IBM Pledges $150 Billion US Investment
IBM announced plans to invest $150 billion in the United States over the next five years, with more than $30 billion earmarked specifically for research and development of mainframes and quantum computing technology. The investment follows similar commitments from tech giants including Apple and Nvi...
The investment follows similar commitments from tech giants including Apple and Nvidia -- each pledging approximately $500 billion-- in the wake of President Trump's election and tariff threats. The company currently manufactures its mainframe systems in upstate New York and plans to continue designing and assembling quantum computers domestically. The announcement comes amid challenging circumstances for IBM, which recently saw 15 government contracts shelved under the Trump administration's cost-cutting initiatives.
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