President Biden visited the IBM facility in Poughkeepsie, New York
Duchess County, NYC (October 6, 2022) –President Biden visited the IBM facility in Poughkeepsie, New York where the company announced a $20 billion investment over the next decade in R&D design and manufacturing of semiconductors, mainframe technology, artificial intelligence and quantum computing across the Hudson Valley.
This investment will create good-paying manufacturing jobs in the Hudson Valley, and was made possible thanks to the President’s economic plan – including the CHIPS and Science Act.
Earlier in the week, Micron Technology Inc. announced a $100 billion investment to manufacture chips in upstate New York.
Under President Biden, our economy has created 10 million new jobs and nearly 700,000 manufacturing jobs proving that under this Administration, “Made in America” is no longer just a slogan.
“Where is it written that we can’t lead manufacturing in the world?” Biden asked in remarks at the facility in Poughkeepsie, N.Y. “I don’t know where that’s written. That’s one of the things that the CHIPS act is going to change, the law that’s going to build a future and a proud, proud legacy not only for IBM, but for the country.” He added: “The supply chain is going to start here and end here in the United States.”
Biden Hails IBM’s Plans to Invest $20 Billion in Visit to NY
IBM has promoted key elements of Biden’s legislative agenda. Krishna attended the August chips bill signing ceremony and the company lobbied lawmakers to pass a bipartisan infrastructure bill that includes funding to build out broadband networks.
IBM investment to help in tech competition with China
President Joe Biden said Thursday that a $20 billion investment by IBM in New York’s Hudson River Valley would help give the United States a technological edge against China. The president cited IBM’s commitment as part of a larger manufacturing boom, spurred by this summer’s passage of a $280 billion measure intended to boost the semiconductor industry and scientific research.
