Biden with IBM in Poughkeepsie as it announces $20M investment
by CM Staff
IBM anticipates that the technology it delivers coincides with the intentions laid out in the CHIPS and Science Act President Biden recently signed into law.
POUGHKEEPSIE — On Oct. 6, U.S. President Joe Biden and IBM chairman and CEO Arvind Krishna will tour IBM’s facility in Poughkeepsie, N.Y., as part of the company’s announcement for a $20 billion investment across the Hudson Valley region.
IBM plans to dole out the investment over the next 10 years. The company’s goal is to expand New York’s technology ecosystem, create new opportunities in semiconductors, computers, hybrid cloud, AI, and quantum computers.
The information technology company reportedly supports more than 7,500 jobs across the Hudson Valley, calling the region “a hub of innovation and manufacturing for decades.”
“IBM is deeply honoured to host President Biden at our Poughkeepsie site,” said Arvind Krishna, chairman and CEO of IBM, in a statement.
“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.”
IBM anticipates that the technology it delivers coincides with the intentions laid out in the CHIPS and Science Act President Biden recently signed into law.
Furthermore, the company hopes to help ensure a reliable and secure supply of next-generation chips for modern computers and artificial intelligence platforms as well as help developments in quantum computing through research, expanding the quantum supply chain, and providing more opportunities for researchers to explore business and science applications of quantum systems.
