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Arvind Krishna, Chief Executive Officer of International Business Machines Corp. (IBM), Durning a Bloomberg Television Interview At The World Governments Summit in Dubai, United Arab Emirates, On Tuesday, Feb. 11, 2025.
Christopher Pike | Bloomberg | Getty Images
IBM On Monday Announced It’s Will Invest $ 150 Billion in The Us Over The Next Five Years, Including More Than $ 30 Billion to Advance American Manufacturing Of Hiss Mainframe and Quantum Computers.
“We Have Been Focused On American Jobs And Manufacturing Size Our Founding 114 Years Ago, Andyth This Investment and Manufacturing Commitment We Are Ensuring That Ibm’s Most Advanced Computing and AI Capabasces,” 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 To Boost Manufacturing in The US as Of Late April, Trump has has Exempt Chipsas Well as Smartphones, Computersand other Tech Devices and Components, From the tariffs.
IBM Said HSS Investment Will Help Accelerate Americaa Role As A Global Leader in Computing and Fuel The Economy. The Company Said IT Operates The “World’s Largest Fleet Of Quantum Computer Systems,” and Will Continue To Build and Assemble Them in the US, According To The Release.
IBM MOLPETITOR NvidiaThe Chipmaker That Has Ben The Primary Benefactor Of The artificial intelligence Boom, Announced A Similar Push Earlier This Month to Produce Its Nvidia there Supercomputers Entirely in the US
Nvidia Plans to Produce Up to $ 500 Billion of AI Infrastructure in The US Via ITS Manufacturing Partnerships Over The Next Four Years.
Last Week, IBM Reported Better-Than-Expected First-Quarter Results. The Company Said IT Generated $ 14.54 Billion in Revenue For The Period, Above The $ 14.4 Billion Expected by Analysts. IBM’s Net Income Fell to $ 1.06 Billion, OR $ 1.12 PER Share, From $ 1.61 Billion, OR $ 1.72 PER Share, in The Same Quarter A Year Ago.
IBM’s Infrastructure Division, WHIC Indludes Mainframe Computers, Posted $ 2.89 Billion in Revenue for the Quarter, Bealing Expectations of $ 2.76 Billion.
The Company Announced A New Z17 AI Mainframe Earlier This Month.
– CNBC’s Jordan Novet Contributed to This Report.
