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IBM joins Apple, Nvidia with pledge to invest $150B in US for computer manufacturing
New York Post· 2025-04-28 16:35
Core Viewpoint - IBM plans to invest $150 billion in the US over the next five years, focusing on quantum computer production and supporting local manufacturing initiatives [1][3] Investment Commitment - The investment includes over $30 billion specifically for expanding US manufacturing of quantum computers and mainframes, which are essential for handling large data and critical applications [3] - This announcement aligns with similar commitments from other tech giants like Nvidia and Apple, each pledging approximately $500 billion in the US over the next four years [1][6] Industry Context - Analysts interpret these spending commitments as strategic moves to appease the Trump administration amid concerns over tariffs that could disrupt supply chains and increase costs for the technology sector [2][4] - Recent advancements in quantum computing, such as new chips from Google's Alphabet, have heightened interest in the field, although there is uncertainty regarding the timeline for practical applications [5][8] Financial Overview - IBM reported cash and cash equivalents of $14.8 billion as of December 31, with capital expenditures of $1.13 billion last year and total expenses amounting to $29.75 billion [9]
IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing
CNBC· 2025-04-28 12:47
Investment Announcement - IBM announced a significant investment of $150 billion in the U.S. over the next five years, with over $30 billion specifically allocated to enhance American manufacturing of mainframe and quantum computers [1][3]. Commitment to American Jobs - The CEO of IBM, Arvind Krishna, emphasized the company's long-standing focus on American jobs and manufacturing, stating that this investment ensures IBM's position as a leader in advanced computing and AI capabilities [2]. Economic Impact - This investment is expected to accelerate America's role as a global leader in computing and contribute positively to the U.S. economy [3].