Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
JD Vance says Iranian nuclear program ‘substantially’ set...
Israeli President Herzog: Israel ‘not dragging’ US into...
State Department issues worldwide caution for US travelers...
Trump’s week ahead will include a trip to...
DOUG SCHOEN: Trump’s Iran strategy could ignite long-awaited...
White House office tells agencies to apply ‘Gold...
SENATE MAJ. LEADER THUNE: A generational opportunity for...
SCOOP: House Republicans target ‘vulnerable’ Democrats for voting...
‘Mofo…in the White House’: Jasmine Crockett attacks Trump,...
Russia claims US strikes on Iran have opened...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

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

by admin April 29, 2025
April 29, 2025
IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing

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 to boost manufacturing in the U.S. As of late April, Trump has exempted chips, as well as smartphones, computers, and other tech devices and components, from the tariffs.

IBM said its investment will help accelerate America’s 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 U.S., according to the release.

IBM competitor Nvidia, the chipmaker that has been the primary benefactor of the artificial intelligence boom, announced a similar push earlier this month to produce its NVIDIA AI supercomputers entirely in the U.S. 

Nvidia plans to produce up to $500 billion of AI infrastructure in the U.S. 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 narrowed 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, which includes mainframe computers, posted $2.89 billion in revenue for the quarter, beating expectations of $2.76 billion.

The company announced a new z17 AI mainframe earlier this month.

CNBC’s Jordan Novet contributed to this report.

This post appeared first on NBC NEWS

previous post
Defunding DEI: Here’s how the Trump administration has undone Biden’s very prized programs
next post
Cardiol Therapeutics Nominates Dr. Timothy Garnett to Its Board of Directors

You may also like

In wake of L.A. wildfires, a diverse small...

March 4, 2025

Mattel says Barbies and Hot Wheels could soon...

February 6, 2025

Retail crime ‘queenpin’ to pay millions in restitution...

January 24, 2025

Rare Michael Jordan, Kobe Bryant rookie jerseys expected...

March 7, 2025

’60 Minutes’ producer leaves show, citing a loss...

April 23, 2025

Restaurants are rebounding — but Starbucks and McDonald’s...

January 30, 2025

Consumer protection board sues Walmart and fintech firm...

December 25, 2024

OpenAI closes funding at $157 billion valuation as...

October 4, 2024

CrowdStrike says it isn’t to blame for Delta’s...

August 6, 2024

KFC moves U.S. headquarters from Kentucky to Texas

February 20, 2025

Recent Posts

  • JD Vance says Iranian nuclear program ‘substantially’ set back after ‘precise, surgical’ US strikes
  • Israeli President Herzog: Israel ‘not dragging’ US into war with Iran
  • State Department issues worldwide caution for US travelers following Trump’s Iran strikes
  • Trump’s week ahead will include a trip to The Hague to meet with NATO leaders as Iran crisis grows larger
  • DOUG SCHOEN: Trump’s Iran strategy could ignite long-awaited regime change. My Serbia experience is a guide

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (795)
    • Investing (2,371)
    • Politics (2,950)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.