Biden’s Poughkeepsie IBM visit expected to include $20B announcement

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IBM is expected to announce a $20 billion initiative when President Joe Biden visits the company’s Poughkeepsie facility Thursday afternoon.

Here’s what to know:

What’s being announced?

IBM on Thursday is expected to announce a $20 billion investment over the next decade in the areas of research and development, semiconductor manufacturing, mainframe technology, artificial intelligence and quantum computing in the Hudson Valley, according to the White House, which noted “good-paying manufacturing jobs” would be created.

Details of the program, including the impact on local sites, is expected to be discussed.

The Poughkeepsie IBM site is where the z16 mainframe, a product which utilizes artificial intelligence, was tested and is manufactured. IBM also opened up the first Quantum Computation Center in Poughkeepsie in 2019.

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