IBM announced Monday that it plans to invest $150 billion in the US over the next five years, becoming the latest major tech company to pledge large domestic investments during the Trump administration.
The company said it would devote $30 billion to promoting US manufacturing of mainframes and quantum computers.
“Technology doesn’t just build the future, it’s not just defining it,” said Arvind Krishna, chairman, president and CEO 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,” he added.
IBM has committed to billions of dollars in the US, joining Apple, Nvidia and other major tech companies. iPhoneMaker announced in February it plans to invest $500 billion in states, including the construction of a new Texas manufacturing facility.
Nvidia, the key to powering the artificial intelligence (AI) boom, said earlier this month that it will fully manufacture up to $500 billion worth of chips and supercomputers over the next four years.
Openai, Oracle and Softbank are heading the Trump administration’s Stargate project, a joint venture aimed at investing $500 billion in the construction of new American AI infrastructure.
Investment comes as President Trump repeatedly emphasizes domestic manufacturing as his target for promoting tariffs.
Trump’s tariffs threaten to overturn the tech industry, but received a temporary reprieve earlier this month when the administration revealed that electronic devices would be exempt from the president’s “mutual” tariffs.
But the future remains uncertain for tech companies as Trump shows that electronics will ultimately be subject to sector-based tariffs that have not yet been announced.
