IBM to Shut Down China R&D Operations: Will the Stock Benefit?

Per a Bloomberg release, International Business Machines Corporation (IBM) has recently decided to completely shut down its research and development (R&D) operations in China. This decision followed geopolitical tensions between the United States and China, affecting more than 1,000 IBM employees.A Strategic Shift for IBM?The closure, a part of IBM’s strategy to better serve its global clients, reflects the decreasing significance of the Chinese market for U.S. tech firms, as local clients increasingly favo ...