International Business Machines Corporation announced it will invest $150 billion in the U.S. over the next five years, with over $30 billion allocated to enhance American manufacturing of its mainframe and quantum computers. According to IBM CEO Arvind Krishna, this investment underscores IBM’s commitment to American jobs and manufacturing since its founding 114 years ago. The move follows President Donald Trump’s recent tariff policy aimed at boosting U.S. manufacturing. IBM stated that its investment will strengthen America’s leadership in computing and drive economic growth. The company operates the world’s largest fleet of quantum computer systems, which will continue to be built and assembled in the U.S. Competitor Nvidia also announced plans to produce AI supercomputers entirely in the U.S., aiming for up to $500 billion in AI infrastructure investments over the next four years. IBM recently reported better-than-expected first-quarter results, with revenue of $14.54 billion and net income of $1.06 billion. The company’s infrastructure division, including mainframe computers, exceeded expectations with $2.89 billion in revenue. IBM unveiled a new z17 AI mainframe earlier this month.
— new from CNBC
