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Ibm yesterday joined an increasing number of
tech giants that have announced significant US
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investment plans.
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According to the company, it will spend some
$150 billion in America over the next 5
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years, including more than $30 billion.
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Marked for R&D to advance IBM’s mainframe and
quantum computing domestic manufacturing.
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IBM said it operates the world’s largest fleet
of quantum computer systems and will continue
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to design, build, and assemble these computers
in Poughkeepsie,
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New York.
The US made mainframes are a critical component
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of American and global economies.
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IBM said more than 70% of the entire world’s
transactions, by value,
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run through its mainframes.
IBM said quantum computing is one of the
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biggest economic opportunities in decades and
will solve problems that conventional computers
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cannot process.
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In a statement, IBM.
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Chairman Arvind Krishna said, quote, Technology
doesn’t just build the future,
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it defines it.
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He added that IBM has been focused on American
jobs and manufacturing since its founding 114
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years ago.
This investment should help IBM keep pace with
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advancements in both computing and AI
technology.
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IBM is one of the nation’s largest tech
employers, and the The company claimed to have
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more than 300,000 employees spread across some
170 countries.
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IBM joins a growing list of tech companies
investing in American manufacturing.
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In April, Nvidia announced that it will invest
at least $100 billion and up to half a trillion
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to make AI supercomputers in Texas.
Earlier this year,
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Apple II pledged to spend some $500 billion in
the US.
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Over the next 4 years, that includes a server
assembly facility in Houston that could create
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thousands of jobs, though not all as rose
colored and big tech as chip giant Intel just
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last week announced a cost cutting plan that
will likely include significant layoffs.
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IEN reached out to IBM for more details about
the manufacturing investment,
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but the company did not immediately respond to
our request for comment.
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I’m David Manti.
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This is manufacturing now.