IBM announces $150B investment in US
'Focused on American jobs and manufacturing,' IBM CEO says
Quantum investing: IBM to invest $150B in US over next five years
IBM CEO Arvind Krishna describes how he wants to advance U.S. manufacturing of mainframe and quantum computing during an exclusive interview with 'The Claman Countdown.'
International Business Machines Corporation (IBM), one of the nation's largest technology employers, is planning to invest $150 billion in the U.S. "over the next five years to fuel the economy and to accelerate its role as the global leader in computing," according to a media release.
"We are extremely focused on leveraging American ingenuity and American innovation," IBM CEO Arvind Krishna said Monday during an exclusive interview on "The Claman Countdown." "When I think about artificial intelligence, quantum computing, mainframe computers, this R&D investment coupled with all of the associated manufacturing is going to allow the United States to be at the front of all those three technologies."
IBM was founded in 1911 as the Computing-Tabulating-Recording Company, and was renamed in 1924, according to its website. The company says its innovations "enabled the U.S. social security system, the Apollo Program that put a man on the moon, and power businesses in every industry."
The company manufactures mainframe high-performance computers in Poughkeepsie, New York, "that are the technology backbone of the American and global economies. More than 70% of the entire world’s transactions by value run through the IBM mainframes that are manufactured right here in America."
A low-angle view of the facade of the regional headquarters of International Business Machines (IBM) in Silicon Valley – Foster City, California – on Nov. 17, 2018. (Smith Collection/Gado/Getty Images / Getty Images)
IBM says it "will continue to design, build and assemble quantum computers in America."
The company joins the list of firms investing in America under President Donald Trump.
"We really appreciate this administration's focus on American innovation and helping that drive global business," Krishna said. "This investment is money that we are putting down because we believe in the economic opportunity, both here and globally."
Last week, IBM released its first-quarter 2025 earnings results, which listed revenue of $14.5 billion.
HYUNDAI'S 'FIRST-EVER, 3-ROW' EV UNDER PRODUCTION AT NEW GEORGIA PLANT
IBM announced plans to invest $150 billion in the U.S. over the next five years. (Plexi Images/GHI/UCG/Universal Images Group / Getty Images)
IBM's shares have gained 12% so far this year, outperforming the benchmark S&P 500 index, which has declined nearly 9%.
The company forecast June-quarter revenue of between $16.40 billion and $16.75 billion, above the analysts' average estimate of $16.33 billion, according to data compiled by LSEG.
IBM displayed on a smartphone with Meta AI seen in the background. On 10 August 2023 in Brussels, Belgium. (Jonathan Raa/NurPhoto via Getty Images / Getty Images)
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| IBM | INTERNATIONAL BUSINESS MACHINES CORP. | 239.32 | +3.16 | +1.34% |
CLICK HERE TO READ MORE ON FOX BUSINESS
"We remain bullish on the long-term growth opportunities for technology and the global economy. While the macroeconomic environment is fluid, based on what we know today, we are maintaining our full-year expectations for revenue growth and free cash flow," Krishna said in a statement.
FOX Business' Milanee Kapadia and Reuters contributed to this report.