IBM has announced plans to invest $150 billion in the United States over the next five years to boost the economy and cement its position as a global technological leader. More than $30 billion will be allocated towards research and development, focusing on mainframes and quantum computing.

IBM will invest $150 billion in the U.S., including on facilities for quantum computer production, over the next five years, the latest American technology company to back the Trump administration's push for local manufacturing.

IBM plans to spend $30 billion in the development of quantum computers and mainframe systems in the US over the next five years as part of a $150 billion investment pledge. Big Blue announced its plans on Monday in a move that it said would “fuel the economy” and “accelerate” the company’s role as a global leader in computing.