IBM to invest $150bn in the US over next five years

Technology company IBM on Monday announced plans to invest $150 billion in the US over the next five years as it seeks to boost domestic manufacturing.

IBM, whose headquarters are in New York, said the investment will include more than $30 billion in research and development to advance its US manufacturing of mainframe and quantum computers.

The investment will help fuel the US economy and bolster its role as world leader in computing, the company said in a statement.

“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 epicentre of the world's most advanced computing and AI capabilities,” IBM chairman and chief executive Arvind Krishna said.

Read Full Article Here