IBM plans to invest $20 billion in the Hudson Valley region over 10 years

The President of the USA, Joseph R. Bidenand the CEO and Chairman of IBMArvind Krishna, toured the IBM facility in Poughkeepsie, New Yorkto see firsthand where the future of computing is being innovated, designed and created.

During the visit, IBM announced a plan to invest $20 billion in the Hudson Valley region over the next 10 years. The goal of the investments, which will be strengthened by a close collaboration with New York State, is to expand the vibrant technology ecosystem in New York to unlock discoveries and opportunities in semiconductors, hybrid cloud, artificial intelligence and quantum computers.

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IBM has long called New York State home, and its business supports more than 7,500 jobs throughout the Hudson Valley. This region has been a hub of innovation and manufacturing for decades. From Westchester County to Poughkeepsie to Albany, IBMers are pushing the boundaries of computing and helping clients embrace digital transformation.

“At IBM, we are deeply honored to welcome President Biden to our Poughkeepsie headquarters and look forward to highlighting our commitments to innovations that advance America’s economy,” said Arvind Krishna, CEO and Chairman of IBM. “As we face large-scale technological challenges with climate, energy, transportation, and more, we must continue to invest in innovation and discovery, because advanced technologies are key to solving these problems and driving economic prosperity, including better jobs, for millions of Americans.”

IBM has long called New York State home, and its business supports more than 7,500 jobs throughout the Hudson Valley.

President Biden’s visit to IBM Poughkeepsie highlights the unique opportunity of the CHIPS and Science Act to promote American innovation and manufacturing. The technology that IBM offers today from Poughkeepsie will benefit directly from the CHIPS and Science Act that the president recently enacted. It will ensure a reliable and secure supply of next-generation chips for today’s computers and AI platforms, as well as power the future of quantum computing by accelerating research, expanding the quantum supply chain, and providing more opportunities for researchers. explore the business and science applications of quantum systems.

IBM’s headquarters in Poughkeepsie has helped the country embrace the transformative power of technology since 1941. There, IBM develops the latest mainframes that power the global economy. The site is also home to IBM’s first Quantum Computing Center, where a large number of real quantum computers run in the cloud. IBM’s vision is for Poughkeepsie to become a global hub for the company’s quantum computing development, just as it is today for mainframes.

The future of semiconductor technologies is also being created in the Hudson Valley, from Yorktown Heights to Albany and beyond. In Albany, a unique public-private semiconductor ecosystem is where IBM announced last year the first 2 nanometer chip technology, one of the biggest advances in the semiconductor industry in the last decade. The expansion of Albany’s collaborative innovation model could be a foundation for the National Semiconductor Technology Center (NSTC) to be implemented as part of the CHIPS and Science Act.

Today’s IBM announcement builds on and extends these investments in the future of American innovation, and will drive economic growth and job opportunities for people to work with cutting-edge systems and accelerate the pace of discovery throughout the Hudson Valley. .