IBM announces $150 billion investment in U.S. manufacturing, research

Cohn: U.S. to consciousness immoderate tariff effects successful May

Gary Cohn says U.S. volition spot effect successful "transportation of goods" from tariffs successful a "few weeks" 08:46

IBM connected Monday announced that it volition put $150 cardinal successful U.S. manufacturing to "fuel the economy."

The concern volition see much than $30 cardinal that volition spell toward probe and improvement to let the computing elephantine to proceed manufacturing its mainframe and quantum computers successful the U.S.

"Technology doesn't conscionable physique the aboriginal — it defines it," said Arvind Krishna, IBM chairman, president and main enforcement serviceman successful a connection Monday. "We person been focused connected American jobs and manufacturing since our founding 114 years ago, and with this concern and manufacturing committedness we are ensuring that IBM remains the epicenter of the world's astir precocious computing and AI capabilities."      

IBM's mainframes are presently manufactured successful Poughkeepsie, New York.

The historical concern comes arsenic President Trump implements a sweeping tariff authorities to incentivize companies to grow U.S. manufacturing.

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