IBM plans to invest $20 billion in New York state over the next 10 years to support its work in semiconductors, computers, hybrid cloud, artificial intelligence and quantum computers.
“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,” stated Arvind Krishna, Chairman and CEO of IBM.
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 edge systems and accelerate the pace of discovery across the Hudson Valley.
