Over the next five years, IBM plans to invest $150 billion in the United States, including over $30 billion to expand classical and quantum machine production in the country, the company stated Monday.

Weeks after President Donald Trump announced a comprehensive and aggressive “reciprocal” tariff program to increase American manufacturing, the business made its announcement. Trump has removed processors from the tariffs as of late April, along with computers, smartphones, and other electronic components and equipment.

According to IBM, the investment will boost the economy and help America become a worldwide leader in computing more quickly. According to the press release, the company claims to have the

“largest fleet of revolutionary computer systems in the world”

and will keep producing and assembling them in the United States.

Earlier this month, Nvidia, a chipmaker that has been the main driver of artificial intelligence development and a rival of IBM, announced a similar initiative to manufacture all of its NVIDIA AI supercomputers in the United States.

Over the next four years, as stated by reuters, Nvidia intends to use its manufacturing alliances to manufacture up to $500 billion worth of AI infrastructure in the United States. 

IBM released first-quarter earnings last week that were better than anticipated. The corporation reported that its sales for the period were $14.54 billion, which was more than the $14.4 billion analysts had predicted. IBM’s net income dropped from $1.61 billion, or $1.72 per share, in the comparable quarter last year to $1.06 billion, or $1.12 per share.

Mainframe computers are part of IBM’s infrastructure segment, which reported $2.89 billion in sales for the quarter, above $2.76 billion in forecasts. Earlier last month, the corporation revealed a new z17 AI mainframe.