$20 billion! IBM plans to invest in U.S. tech industry over the next 10 years

According to media reports, IBM has announced that it will invest $20 billion in its traditional R&D and manufacturing base in the Hudson Valley, New York, in the next decade for semiconductor, mainframe, hybrid cloud, artificial intelligence and quantum computing technologies. R&D and manufacturing.

IBM currently operates a logic device advanced process research and development center in Albany in the region, which has successfully developed 2-nanometer process advanced technology and may become the basis for the National Semiconductor Technology Center (NSTC) public-private partnership model in the future chip act. In nearby Poughkeepsie, the company operates a mainframe research and development facility that has become the company's first quantum computing center.

"We look forward to underscoring our commitment to innovation that drives the U.S. economy," said Arvind Krishna, IBM Chairman and CEO. "As we address large-scale technological challenges in climate, energy, transportation, and more, we must continue to invest in Innovation and discovery—because advanced technology is key to solving these problems and driving economic prosperity, including better jobs for millions of Americans.”