Biden tours New York IBM site after company announces $20B investment

President Biden landed in New York on Thursday to highlight IBM’s plan to invest $20 billion in the state’s Hudson Valley region over the next 10 years.

Biden toured the company’s Poughkeepsie site “to see firsthand where the future of computing is being innovated, designed and manufactured.”

IBM said the goal of the investments is to expand New York’s tech ecosystem — create jobs — and “unleash new discoveries and opportunities in semiconductors, computing, hybrid cloud, artificial intelligence, and quantum computing.”

“IBM is deeply honored to welcome President Biden to our Poughkeepsie location today, and we look forward to highlighting our commitment to the innovations that are driving the American economy forward,” CEO Arvind Krishna said in a statement. “As we tackle grand technological challenges in climate, energy, transport and more, we must continue to invest in innovation and discovery – because advanced technologies hold the key to solving these problems and driving economic prosperity, including better jobs, for millions by Americans.”

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IBM’s New York office supports more than 7,500 jobs across the region.

IBM said the Poughkeepsie site builds state-of-the-art mainframe computers and houses the company’s first Quantum Computation Center.

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The company said the president’s on-site visit highlights the bipartisan CHIPS and Science Act that Biden signed into law in August.

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An IBM facility. (Image credit: IBM/Fox News)

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“The technology IBM is shipping out of Poughkeepsie today 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 artificial intelligence platforms, as well as fuel the future of quantum computing by accelerating research, expanding the quantum supply chain and providing more opportunities for researchers, business and… to explore scientific applications of quantum systems,” said IBM.

IBM said expanding an innovation model at the Albany site could be a basis for the National Semiconductor Technology Center (NSTC) to be implemented as part of the CHIPS and Science Act.

Biden was joined by Reps Sean Patrick Maloney and Pat Ryan.

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The IBM investment follows chipmaker Micron, which earlier this week announced an investment of up to $100 billion over the next 20+ years to build a facility in upstate New York that could create 9,000 factory jobs.

The Associated Press contributed to this report.

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