International Business Machines Corp. plans to invest $ 150 billion in the United States over the next five years, joining a cohort of businesses that have announced expense commitments following the election and pricing threats from President Donald Trump.
The planned investment includes more than $ 30 billion for the research and development of mainframes and quantum of IBM, the company announced on Monday. One of the largest employers in the country's technology, IBM said that its objective was to feed the economy and “accelerate its role as world leader in computer science”.
Companies ranging from Apple Inc. to Eli Lilly & Co. have established plans to spend billions of dollars to strengthen their American manufacturing presence since the election of Trump. Many plans were already underway before taking office or closely monitoring the trends in previous expenses.
“We are focusing on American jobs and manufacturing since our foundation 114 years ago, and with this investment and manufacturing commitment, we make sure that IBM remains the most advanced IT epicenter and the most advanced IA capacities in the world,” said chief executive Arvind Krishna in the press release.
IBM's actions have been little changed in pre-commercial exchanges in New York.
Over the past five years, IBM has brought about $ 33.6 billion in global research and development spending. Its total operating expenses within this period were $ 141.8 billion.
IBM said its mainframe systems – servers forming the back -end infrastructure of many large companies – are manufactured in New York State. Earlier this month, IBM revealedLast mainframeSaying that some commercial data will remain on servers belonging to customers and will never be accommodated on the cloud.
The company based in Armonk, New York, said that it would also continue to “design, build and assemble quantum computers in America”. Big Blue has long worked to develop quantum computer science, an emerging technology likely to significantly speed up treatment power.
This story was initially presented on Fortune.com
