IBM to Invest $150 Billion in U.S. R&D and Manufacturing
The machines made at IBM’s Poughkeepsie plant can each process more than 12 billion encrypted transactions per day.
Photo courtesy IBM Corp.
ARMONK, NY—IBM Corp. plans to invest $150 billion in America over the next five years to "accelerate its role as the global leader in computing." This includes an investment of more than $30 billion in research and development to continue Big Blue's prowess in manufacturing mainframe and quantum computers.
"Technology doesn't just build the future—it defines it," says Arvind Krishna, chairman, president and CEO of IBM. "We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we are ensuring that IBM remains the epicenter of the world's most advanced computing and AI capabilities.
“IBM is one of the nation's largest technology employers and has ushered in innovations that include the data processing systems that enabled the U.S. social security system and the Apollo program that put a man on the moon,” explains Krishna.
“That legacy continues in Poughkeepsie, NY, where we manufacture the cutting-edge mainframes that are the technology backbone of the American and global economies,” adds Krishna. “More than 70 percent of the entire world’s transactions by value run through the IBM mainframes that are manufactured right here in America.
“IBM also operates the world's largest fleet of quantum computer systems, and will continue to design, build and assemble quantum computers in America,” claims Krishna. “Quantum computing represents one of the biggest technology platform shifts and economic opportunities in decades, and will solve problems that today's conventional computers cannot solve. Enabling these solutions will not only help us better understand the fundamentals of how the world works, but are projected to transform American competitiveness, jobs and national security.”
IBM’s flagship factory in Poughkeepsie was the 2008 Assembly Plant of the Year. To learn about the history of IBM manufacturing, click here.
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