IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing

IBM pledges 0 billion to boost U.S. tech growth, computer manufacturing


Arvind Krishna, chief executive officer of International Business Machines Corp. (IBM), during a Bloomberg Television interview at the World Governments Summit in Dubai, United Arab Emirates, on Tuesday, Feb. 11, 2025.

Christopher Pike | Bloomberg | Getty Images

International Business Machines Corporation on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30 billion to advance American manufacturing of its mainframe and quantum computers.

“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 CEO Arvind Krishna said in a release.   

The company’s announcement comes weeks after President Donald Trump unveiled a far-reaching and aggressive “reciprocal” tariff policy in an effort to boost manufacturing in the U.S. IBM said its investment will help accelerate America’s role as a global leader in computing and fuel its economy.

This is breaking news. Please refresh for updates.



Source

Jim Cramer says the tech sell-off proves why this old investing rule still matters
Technology

Jim Cramer says the tech sell-off proves why this old investing rule still matters

The action on Wall Street this week is a reminder of the importance of portfolio diversification, CNBC’s Jim Cramer said Wednesday, as tech-only portfolios have been getting beaten down during the bout of volatility. “Tech’s a good part of the market, it’s just that many of these stocks suddenly aren’t worth as much as we […]

Read More
Qualcomm stock sinks as memory shortage drags on forecast
Technology

Qualcomm stock sinks as memory shortage drags on forecast

President and CEO of Qualcomm Cristiano Amon delivers a speech at the Web Summit at Parque das Nacoes in Lisbon, on November 12, 2024. Patricia De Melo Moreira | AFP | Getty Images Qualcomm reported fiscal first-quarter earnings on Wednesday that beat expectations, but the company’s forecast came up short because of the global memory […]

Read More
Snap shares rise on fourth-quarter earnings that beat on sales
Technology

Snap shares rise on fourth-quarter earnings that beat on sales

Evan Spiegel, CEO of Snap Inc. attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., on July 9, 2025. David A. Grogan | CNBC Snap shares were up over 5 percent in after-hours trading on Wednesday after the Snapchat-parent released fourth-quarter earnings […]

Read More