IBM announces $150B investment in US
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."
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.
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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.
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"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.
