IBM announced on Monday that it will invest $150 billion in the United States over the next five years, including the expansion of facilities for quantum computer production.
The move follows similar commitments by other technology giants such as Nvidia and Apple, both of which have pledged to spend about $500 billion each in the country over the next four years.
The announcement comes as U.S. President Donald Trump’s administration pushes for more local manufacturing amid ongoing trade tensions. IBM, a significant government contractor, said that more than $30 billion of its planned investment would be directed toward expanding U.S. manufacturing of quantum computers and mainframes, which are critical systems for processing large volumes of data and supporting essential applications.
The company operates one of the world’s largest fleets of quantum computing systems, a technology expected to offer performance thousands of times greater than that of traditional computers. Growing interest in quantum computing has been fueled by recent breakthroughs, including a new generation of chips announced by Alphabet’s Google in December.
However, opinions differ across the industry on when the technology will have significant commercial applications.
IBM recently reported that 15 of its government contracts were shelved due to a cost-cutting drive by the Trump administration, a development that overshadowed its positive revenue forecast for the June quarter and impacted its stock performance. As of December 31, IBM reported cash and cash equivalents totaling $14.8 billion and spent $1.13 billion on capital expenditure last year, with total expenses reaching $29.75 billion.
