Steve Forbes of the Forbes Media team joins the “Big Money Show” committee to speak with the international effects of high trade tensions between the United States and China.
International Business Machines Corporation (IBM), one of the largest employers in the country, plans to invest $ 150 billion in the United States “over the next five years to feed the economy and accelerate its role as a global pioneer in computing,” according to a media statement.
“Technology not only builds the future – but it determines it,” Erfind Krishna, Chairman of the IBM Board, Chairman and CEO, said in a statement. “We have focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and commitment to manufacturing, we ensure that IBM remains the most advanced computing center in the world.”
Krishna will appear in an exclusive interview on the Claman count on Fox Business at 3 pm EST.
IBM was established in 1911 as a computing registration company, and it was renamed in 1924, According to its location. The company says its innovations “enabled the American social security system, the APOLLO program that placed a man on the surface of the moon, and energy companies in every industry.”
Manufacture of the company High performance central computers In PaghKeepsie, New York, “This is the backbone of American and international economies. More than 70 % of the world’s entire transactions through the value that passes through IBM Mainframes that are manufactured here in America.”
Low-corner view of the interface of the regional headquarters of international business machines (IBM) in the Silicon-Foster City, California-on November 17, 2018. (Smith Collection/GADO/Getty Images/Getty Images)
“It will continue to design, build and collect quantum computers In America. “
Last week, IBM released its profits in the first quarter of 2025, which included revenues of $ 14.5 billion.
The first Hyundai, 3 rows “EV under production at the new Georgia Factory
IBM has announced plans to invest $ 150 billion in the United States during the next five years. (Plexi Images/GHI/UCG/Universal Images Group/Getty Images)
IBM shares have gained 12 % so far this year, surpassing the S&P 500 normative index, which decreased about 9 %.
The company expected June revenues between 16.40 billion dollars and 16.75 billion dollars, higher than the average estimate of analysts of 16.33 billion dollars, according to the data collected by LSEG.
IBM display on a smartphone with Meta AI seen in the background. On August 10, 2023 in Brussels, Belgium. (Jonathan Raa / Nurphoto via Getty Images / Getty Images)
| index | protection | last | Changing | % Change |
|---|---|---|---|---|
| IBM | International business machines. | 232.41 | +3.08 |
+1.34 % |
Click here to read more on Fox Business
“We are still optimistic about long -term growth opportunities for technology Global economy. While the macroeconomic environment is fluid, based on what we know today, we maintain our expectations throughout the year for the growth of revenues and free cash flow, “Krishna said in a statement.
Fox News’ Milanee Kapadia and Reuters contributed to this report.
https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/04/0/0/ibm-ny-exterior.jpg?ve=1&tl=1
Source link