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IBM CEO announces $20 billion investment in New York state

IBM CEO announces $20 bln investment in New York state
Source: Video Screenshot

IBM’s CEO Arvind Krishna announced Thursday a $20-billion investment in quantum computing, semiconductor manufacturing and other high-tech areas in its New York state facilities.

“We are proud to announce that IBM is pledging to invest $20 billion across the region,” he told workers at the Poughkeepsie, New York plant, where he was joined by President Joe Biden.

“This investment includes breakthroughs in semiconductor technology, mainframe computers, quantum computers and artificial intelligence,” Krishna said.

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Agence France-Presse (AFP) is a French state-owned international news agency based in Paris. It is the world's oldest news agency, having been founded in 1835 as Havas.

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