10.24.2022

IBM invests up to $20 billion in quantum computing development

IBM invests up to $20 billion in quantum computing development

Once a mass-produced personal computer, the U.S.
corporation IBM has in recent years focused on software development and building server systems for high-performance computing.
Following the example of Intel and Micron, it is also going to apply for government subsidies for the development of its cluster in New York state, which will specialize in quantum computing.According to Reuters, the ceremony to announce new investments in this area this week will involve U.S.
President Joseph Biden, who will visit New York state and speak at the place Poughkeepsie, where IBM conducts specialized research.
Biden will be accompanied by IBM CEO Arvind Krishna.
The company plans to turn this site into \"a global hub for quantum computing development.
IBM will allocate $20 billion to finance the corresponding needs.
What size subsidies it will be able to claim, it is not specified.In general, IBM representatives said that funding of the national semiconductor industry in the U.S.
will provide modern computers and artificial intelligence systems with chips of the next generation.
The $20 billion investment will span a decade and cover the areas of semiconductor component development and production, as well as mainframe technology, artificial intelligence and quantum computing.
The specific scheme of distribution of funds between these areas of activity is not given.

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