U.S. President Joe Biden visited the IBM facility in Poughkeepsie, New York, in honour of IBM’s $20 billion investment. The funding will support the research, development, and production of semiconductors, quantum computing, and artificial intelligence throughout the Hudson Valley area over the next ten years.
At the heart of IBM’s site in Poughkeepsie, New York, sits the world’s first quantum data center, which the company is expanding to serve the growing community of quantum computing users in industry, academia, research, and national laboratories. The facility debuted in 2019 and already houses more than 20 quantum systems. It has the world’s biggest commercial and research fleet of quantum computing equipment.
“It’s here at this factory, and the factories of other companies across America, where America’s future is literally being built, because of the groundbreaking CHIPS and Science Act that I signed into law,”
Joe Biden, United STATES PRESIDENT
IBM’s investment is the most recent in a series of investments since Biden signed the CHIPS and Science Act in August 2022, which provided $52 billion to support the development and research of semiconductor chips.
The CHIPS Act and Quantum Computing
The CHIPS and Science Act will significantly impact the IBM technologies they presented to the president because they are crucial to the future of business, industry, and society worldwide. By expediting research, extending the quantum supply chain, and giving researchers the greater opportunity to investigate commercial and interdisciplinary uses of quantum systems, the new Act will support the development of quantum computing in the future.
The event on the 6th of October comes after Micron said on the 4th that it would invest up to $100 billion over the following 20 years to construct a chip manufacturing plant in Clay, a suburb of Syracuse, New York.
Biden said Micron’s investment “will create 50,000 jobs and increase America’s market share in memory chips by 500%.” “That would be the largest American investment of its kind, ever, ever, ever, ever,” he added.
Micron also recently announced a major factory project in Idaho, another in a string of recent domestic investments from technology companies.
