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2025-04-29 Economy

[FoxBusinessNews] 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.

"Technology doesn’t just build the future — it defines it," Arvind Krishna, IBM chairman, president and chief executive officer, said in a statement. "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."

Krishna will appear in an exclusive interview on The Claman Countdown on Fox Business at 3 p.m. EST.

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."

Posted by Skidmark 2025-04-29 00:00|| || Front Page|| [127 views ] Top

#1 Of course, they are laying off people in the US and moving jobs to India. These are mostly software jobs. Software isn't subject to tariffs.

Full disclosure: I am retired from IBM.

Posted by Rambler 2025-04-29 09:43|| 2025-04-29 09:43|| Front Page Top

#2 I lost the last job I had because the chemical plant where I worked gave the engineering to a firm in India.

Posted by Deacon+Blues+ 2025-04-29 20:11|| 2025-04-29 20:11|| Front Page Top

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