POUGHKEEPSIE, N.Y.,
Oct. 6, 2022 /PRNewswire/ -- Today
U.S. President Joseph R. Biden, Jr.
and IBM (NYSE: IBM) Chairman and CEO Arvind
Krishna will tour IBM's Poughkeepsie, New York site to see firsthand
where the future of computing is being innovated, designed and
manufactured. During the visit, IBM will announce a plan to invest
$20 billion across the Hudson Valley
region over the next 10 years. The goal of the investments, which
will be strengthened by close collaboration with New York State, is to expand the vibrant
technology ecosystem in New York
to unlock new discoveries and opportunities in semiconductors,
computers, hybrid cloud, artificial intelligence and quantum
computers.
IBM has long called New York
state home, and its business supports more than 7,500 jobs
across 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 limits of
computing and helping clients embrace digital
transformation.
"IBM is deeply honored to host President Biden at our
Poughkeepsie site today and we
look forward to highlighting our commitments to the innovations
that advance America's economy," Arvind
Krishna, Chairman and CEO of IBM, said. "As we tackle
large-scale technological challenges in 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."
President Biden's visit to the IBM Poughkeepsie site highlights
the CHIPS and Science Act's unique opportunity to advance American
innovation and manufacturing. The technology that IBM delivers
today from Poughkeepsie will
directly benefit from the CHIPS and Science Act that the President
recently signed into law. 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 to
explore business and science applications of quantum
systems.
IBM's Poughkeepsie site has
helped the country embrace the transformative power of technology
since 1941, from manufacturing armaments during World War II to
developing and building the latest generation mainframe computers.
In Poughkeepsie, IBM builds
state-of-the-art mainframe computers that power the global economy.
The site also is home to IBM's first Quantum Computation Center
– where a large number of real quantum computers run in the
cloud. IBM's vision is for Poughkeepsie to become a global hub of the
company's quantum computing development, just as it is today for
mainframes.
The future of semiconductor technologies also is being created
in the Hudson Valley, from Yorktown
Heights to Albany and
beyond. In Albany, a unique
public-private semiconductor ecosystem is where IBM last year
announced the first 2 nanometer chip technology, one of the
semiconductor industry's biggest breakthroughs of the last decade.
The expansion of Albany's
collaborative innovation model could be a foundation for the
National Semiconductor Technology Center (NSTC) that will be
implemented as part of the CHIPS and Science Act.
IBM's announcement today builds on and expands these investments
in the future of American innovation, and will fuel economic growth
and job opportunities for people of all backgrounds to work with
cutting-edge systems and accelerate the pace of discovery across
the Hudson Valley.
About IBM:
ibm.com
Media Contacts:
Ashley Bright
brighta@us.ibm.com
Miki Carver
miki.carver@ibm.com
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