IBM (IBM.US) plans to invest 150 billion USD in the USA over the next five years. After President Donald Trump was elected and issued tariff threats, many companies announced investment plans, and IBM joined this group.
According to Zhitong Finance APP, IBM (IBM.US) plans to invest 150 billion USD in the USA over the next five years. After President Donald Trump was elected and issued tariff threats, many companies announced investment plans, and IBM joined this group.
In a statement released on Monday, IBM stated that the investment in this plan includes over 30 billion USD for the research and development of mainframes and quantum computers. As one of the largest Technology employers in the USA, IBM claims its goal is to promote economic development and "consolidate its position as a leader in the Global Computing field."
Since Trump's election, many companies, from Apple Inc. (AAPL.US) to Eli Lilly and Co (LLY.US), have formulated investment plans, preparing to invest billions of USD to expand their manufacturing scale in the USA. However, many of these plans had been in preparation prior to Trump's inauguration or are closely related to previous spending trends.
IBM CEO Arvind Krishna stated in the announcement: "Since our establishment 114 years ago, we have always focused on jobs and manufacturing in the USA. Through this investment and manufacturing commitment, we will ensure IBM remains at the core of the world's most advanced Computing and AI capabilities."
In the past five years, IBM's Global research and development expenditure was approximately 33.6 billion USD, while total Operation expenditure for the same period was 141.8 billion USD.
IBM stated that its mainframe systems (which constitute the server infrastructure for many large enterprises) are manufactured in upstate New York. Earlier this month, IBM launched its latest mainframe and stated that some commercial data would be kept on the customer's own servers and would never be stored in the cloud.
The company, headquartered in Armonk, New York, also stated that it will continue to "design, manufacture, and assemble quantum computers in the USA." IBM has long been committed to the research and development of quantum computing, which as an emerging Technology has the potential to greatly enhance computing power.
As of the time of writing, IBM's stock price has risen slightly by 1.23%.
