IBM announced a $150 billion investment over five years to bolster its role in American technology and manufacturing. CEO Arvind Krishna emphasized the importance of this investment for boosting the economy and maintaining leadership in advanced computing. While committing $30 billion to R&D, IBM's heavy reliance on overseas labor in India and Bangladesh raises questions about its commitment to American jobs. Comparatively, Apple aims to shift production away from China, highlighting market shifts in response to tariffs.
"Technology doesn't just build the future - it defines it," said Arvind Krishna, IBM chairman, president and chief executive officer 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.
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