IBM plans to invest $150 billion in the U.S. over the next five years, focusing on advancing quantum computing technology. More than $30 billion of this investment will be allocated to expanding U.S.-based manufacturing of quantum computers and mainframes. These systems are designed to handle vast amounts of data and critical applications, promising performance thousands of times more powerful than traditional computers. Analysts suggest that this significant investment could also serve as a gesture towards the U.S. administration amidst trade tensions. IBM recently faced setbacks due to the shelving of 15 government contracts under the Trump administration’s cost-cutting measures.
— new from Reuters
