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International Business Machines Corporation (IBM), one of the nation’s largest technology employers, plans to invest $150 billion over the next five years “in the next five years” to fuel the economy and accelerate its role as a global leader in computing, according to a media release.
“Technology doesn’t just build the future, it’s not just defining it,” said Arvind Krishna, chairman, president and chief executive officer of IBM, in a statement. “We have focused on American employment and manufacturing since our founding 114 years ago. This investment and manufacturing commitment ensures that IBM will remain the epicenter of the world’s most advanced computing and AI capabilities.”
Krishna will appear in an exclusive interview on Fox Business’s Kraman Countdown at 3pm on EST.
IBM was founded in 1911 as a computing recording company and was renamed in 1924. According to the website. The company says its innovation “enables the US Social Security System, the monthly Apollo program, and the power business in all industries.”
The company manufactures mainframe high-performance computers in Poughkeepsie, New York. This is the technology backbone of the US and global economies. Over 70% of global transactions run through IBM mainframes manufactured here in the United States. ”
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A low angle view of the façade of the Regional Headquarters (IBM) of International Business Machines (IBM) in Silicon Valley (Foster City) on November 17th, 2018. (Smith Collection/Gad/Getty Images/Getty Images)
IBM says it will “continue to design, build and assemble American quantum computers.”
Last week, IBM released its first quarter 2025 revenue results, listing revenue of $14.5 billion.
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IBM has announced plans to invest $150 billion in the US over the next five years. (Plexi Images/GHI/UCG/Universal Images Group/Getty Images)
IBM stock has scored 12% so far this year, down nearly 9%, surpassing the benchmark S&P 500 index.
According to data compiled by LSEG, the company forecasts revenues from $164 billion to $16.75 billion for the June quarter, which exceeds the average analyst estimate of $16.33 billion.
IBM was shown on smartphones where meta AI could be seen in the background. August 10th, 2023 in Brussels, Belgium. (Jonathan Raa/Nurphoto via Getty Images/Getty Images)
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| IBM | International Business Machines Corp. | 232.41 | +3.08 |
+1.34% |
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“We remain bullish on the opportunities for long-term growth of technology and the global economy. The macroeconomic environment is liquid based on what we know today, but maintains year-round expectations for revenue growth and free cash flow,” Krishna said in a statement.
Milanee Kapadia and Reuters of Fox News contributed to this report.
