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

Biden
Biden's South Carolina pick for presidential kick-off spurs state battle
  • US
  • 2022-12-02 18:27:22Z

President Joe Biden's bid to shake up the Democratic Party's presidential nominating contest has set off a battle with state officials, testing his political...

Joe Biden Defends Decision To Impose Rail Deal Without Sick Leave To Avoid Strike
Joe Biden Defends Decision To Impose Rail Deal Without Sick Leave To Avoid Strike

The president and Congress headed off a potential work stoppage but failed to deliver paid sick days to the nation's railway workers.

Biden weighs reviving Trump-era immigration restrictions, officials say
Biden weighs reviving Trump-era immigration restrictions, officials say
  • US
  • 2022-12-02 17:12:02Z

U.S. President Joe Biden's administration would make it harder to seek asylum at the U.S.-Mexico border under several plans being considered that bear...

Democratic primary updates: Biden
Democratic primary updates: Biden's suggestion shifts DNC focus to Black voters in the South

A panel of the Democratic National Committee is expected to decide by Saturday which states go first in the presidential nomination process.

Rail strike to be averted: Biden to sign bill
Rail strike to be averted: Biden to sign bill
  • US
  • 2022-12-02 14:36:54Z

President Joe Biden is signing a bill Friday to avert a freight rail strike that he said could have plunged the U.S. into recession. The White House said...

Leave a Comment

Your email address will not be published.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

Cancel reply

Comments

Top News: Politics