IBM pledges to invest $150 billion in US manufacturing over the next five years

What just happened? IBM has joined the list of companies pledging to pour billions into the US manufacturing industry. The software giant has announced it will be investing $150 billion in the United States over the next five years, including $30 billion toward production of its mainframe and quantum computers.

Arvind Krishna, IBM chairman, president and chief executive officer, said, "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 writes that it is one of the nation's largest technology employers, adding that its data processing systems have enabled the US Social Security system, the Apollo Program that put a man on the moon, and powered businesses in every industry. More than 70% of the entire world's ...