Biden visiting New York with IBM poised to announce $20B program; what to know




  • In Politics
  • 2022-10-06 12:43:03Z
  • By USA TODAY

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

President Joe Biden visits Fisherman
President Joe Biden visits Fisherman's Wharf in Fort Myers Beach, Fla.  

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.

Who's giving?: Billionaires account for $1 of every $10 raised this election. These 11 anted up the most.

There are roughly 3,000 employees working at the plant from entry level to engineers.

IBM in a statement said it is "deeply honored" to host Biden and is looking "forward to highlighting our commitments to the innovations that advance America's economy."

Biden is also expected to discuss the bipartisan CHIPS and Science Act, which he signed in August and aims to boost domestic manufacturing of computer chips.

Biden's visit is expected to draw some notable Democrats. Congressmen Sean Patrick Maloney, Pat Ryan, and Paul Tonko are expected to be in attendance, as is Gov. Kathy Hochul.

What are Biden's plans?

The presidents' Poughkeepsie visit is part of a full day in the northeast.

After leaving Dutchess County, Biden is bound for Red Bank, New Jersey to attend a reception for the Democratic National Committee.

He'll then cap the day at a reception for the Democratic Senatorial Campaign Committee in New York City.

Midterms and beyond: Joe Biden, Donald Trump, Ron DeSantis: 2022's Hurricane Ian previews 2024 election

This article originally appeared on USA TODAY: Biden's Poughkeepsie IBM visit expected to include $20B announcement

COMMENTS

More Related News

Democrat Warnock hopes to boost party
Democrat Warnock hopes to boost party's U.S. Senate margin in Georgia runoff
  • US
  • 2022-12-06 11:02:37Z

A Tuesday runoff election in Georgia between Democratic U.S. Senator Raphael Warnock and Republican former football star Herschel Walker will determine...

Biden to visit Arizona computer chip site, highlight jobs
Biden to visit Arizona computer chip site, highlight jobs

President Joe Biden on Tuesday plans to visit the building site for a new computer chip plant in Arizona, using it as a chance to emphasize how his policies ...

Biden to visit Taiwan
Biden to visit Taiwan's TSMC chip plant in Arizona, hail supply chain fixes

President Joe Biden will visit the Arizona plant of TSMC on Tuesday as the Taiwanese chipmaker is set to more than triple its planned investment in the...

GOP senators tune out House conservatives
GOP senators tune out House conservatives' impeachment calls

Kevin McCarthy's emboldened right flank is ready to dig into the Biden Cabinet, and even the president himself. Across the Capitol, Republican senators are...

Officers to receive Congressional Gold Medals for Jan. 6
Officers to receive Congressional Gold Medals for Jan. 6
  • US
  • 2022-12-06 05:18:26Z

Top House and Senate leaders will present law enforcement officers who defended the U.S. Capitol on Jan. 6, 2021 with Congressional Gold Medals on Tuesday...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Politics