IBM yesterday joined an increasing number of tech giants that have announced significant U.S. investment plans. The company plans to spend some $150 billion in America over the next five years, including more than $30 billion earmarked for R&D to advance IBM's mainframe and quantum computer domestic manufacturing.
The company says it operates the world's largest fleet of quantum computer systems and will continue to design, build and assemble these computers in Poughkeepsie, New York.
The U.S.-made mainframes are a critical component of American and global economies. IBM says more than 70% of the entire world's transactions—by value—run through its mainframes.
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IBM believes quantum computing is one of the biggest economic opportunities in decades and will solve problems that conventional computers cannot process.
In a statement, IBM Chairman Arvind Krishna said, "Technology doesn't just build the future, it defines it." He adds that IBM has been focused on American jobs and manufacturing since it was founded 114 years ago. The investment should help IBM keep pace with computing and AI technology advancements.
IBM is one of the nation's largest tech employers, and the company claims to have more than 300,000 employees spread across some 170 countries.
IBM joins a growing list of tech companies investing in American manufacturing. In April, Nvidia announced that it would invest at least $100 billion—and up to half a trillion dollars—to make AI supercomputers in Texas.
Earlier this year, Apple too pledged to spend some $500 billion in the U.S. over the next four years, including a server assembly facility in Houston that could create thousands of jobs.
Though not all is rose-colored in big tech as chip giant Intel last week announced a cost-cutting plan that will likely include significant layoffs
IEN reached out to IBM for more details about the manufacturing investment, but the company declined to offer any additional information.
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Ibm yesterday joined an increasing number of
tech giants that have announced significant US
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investment plans.
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According to the company, it will spend some
$150 billion in America over the next 5
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years, including more than $30 billion.
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Marked for R&D to advance IBM's mainframe and
quantum computing domestic manufacturing.
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IBM said it operates the world's largest fleet
of quantum computer systems and will continue
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to design, build, and assemble these computers
in Poughkeepsie,
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New York.
The US made mainframes are a critical component
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of American and global economies.
00:37.479 --> 00:43.310
IBM said more than 70% of the entire world's
transactions, by value,
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run through its mainframes.
IBM said quantum computing is one of the
00:47.360 --> 00:52.720
biggest economic opportunities in decades and
will solve problems that conventional computers
00:52.720 --> 00:53.790
cannot process.
00:54.040 --> 00:55.209
In a statement, IBM.
00:55.450 --> 01:00.069
Chairman Arvind Krishna said, quote, Technology
doesn't just build the future,
01:00.439 --> 01:01.540
it defines it.
01:01.840 --> 01:07.720
He added that IBM has been focused on American
jobs and manufacturing since its founding 114
01:07.720 --> 01:11.800
years ago.
This investment should help IBM keep pace with
01:11.800 --> 01:14.690
advancements in both computing and AI
technology.
01:14.959 --> 01:19.599
IBM is one of the nation's largest tech
employers, and the The company claimed to have
01:19.599 --> 01:23.629
more than 300,000 employees spread across some
170 countries.
01:23.959 --> 01:28.230
IBM joins a growing list of tech companies
investing in American manufacturing.
01:28.440 --> 01:34.500
In April, Nvidia announced that it will invest
at least $100 billion and up to half a trillion
01:34.500 --> 01:37.720
to make AI supercomputers in Texas.
Earlier this year,
01:37.800 --> 01:41.160
Apple II pledged to spend some $500 billion in
the US.
01:41.290 --> 01:46.190
Over the next 4 years, that includes a server
assembly facility in Houston that could create
01:46.190 --> 01:52.000
thousands of jobs, though not all as rose
colored and big tech as chip giant Intel just
01:52.000 --> 01:56.550
last week announced a cost cutting plan that
will likely include significant layoffs.
01:56.760 --> 02:00.669
IEN reached out to IBM for more details about
the manufacturing investment,
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but the company did not immediately respond to
our request for comment.
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I'm David Manti.
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This is manufacturing now.
