IBM plans to invest $150 billion in the US over the next five years, including funds for research and development and manufacturing mainframe and quantum computers. One of the country’s biggest technology employers, IBM said its goal is to fuel the economy and to “accelerate its role as the global leader in computing,” the company said in a statement on Monday. Companies ranging from Apple Inc. to Eli Lilly & Co. have announced plans to spend billions of dollars boosting their US manufacturing presence since President Donald Trump’s election. Many of the plans were already in the works before the election, or closely track prior spending trends. “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,” Chief Executive Officer Arvind Krishna said in the statement.

Full story : IBM plans to invest $150 billion in the US over the next five years, including in R&D, to fuel the economy and “accelerate its role as the global leader in computing.”