{"id":1676171,"date":"2022-10-06T12:55:47","date_gmt":"2022-10-06T16:55:47","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1676171"},"modified":"2022-10-06T12:56:47","modified_gmt":"2022-10-06T16:56:47","slug":"biden-visits-new-york-ibm-amid-20-billion-investment","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-visits-new-york-ibm-amid-20-billion-investment\/","title":{"rendered":"Biden visits New York IBM amid $20 billion investment"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-visits-new-york-ibm-amid-20-billion-investment%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1676171&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By David Shepardson and Nandita Bose<\/p>\n<p>WASHINGTON (Reuters) -President Joe Biden on Thursday will tout IBM Corp\u2019s plans to invest $20 billion in New York over the next decade in development and manufacturing\u00a0of\u00a0semiconductors, mainframe technology, artificial intelligence and quantum computing.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The announcement is the latest in a string of investments     unveiled since Biden signed the Chips and Science bill in August that funded $52 billion to subsidize semiconductor chips manufacturing and research.<\/p>\n<p>The administration says hefty subsidies for private businesses are necessary because China and the European Union had been awarding billions in incentives to chip companies.<\/p>\n<p>Biden has sought to capitalize on the investment announcements ahead of next month\u2019s midterm congressional elections. Last month, he traveled to Ohio to speak at the site of Intel Corp\u2019s planned $20 billion semiconductor manufacturing facility.<\/p>\n<p>New York\u2019s Hudson Valley, home of IBM\u2019s Poughkeepsie  site, was a manufacturing powerhouse during America\u2019s Industrial Revolution, but regional jobs dried up during the second half of the last century, as companies fled to lower-cost locations. <\/p>\n<p>IBM, which laid off thousands of people in the region in the 1990s when it moved chip and other manufacturing, said it now plans to make the site \u201ca global hub of the company\u2019s quantum computing development, just as it is today for mainframes.\u201d <\/p>\n<p>IBM did not provide a detailed breakdown of its $20 billion investment plans. <\/p>\n<p>The White House said it was sparked by Biden\u2019s economic policies.  <\/p>\n<p>\u201cThe industrial strategy is really helping to drive a renaissance in American manufacturing, and domestic investment \u2026 that we haven\u2019t seen in generations,\u201d White House National Economic Director Brian Deese told reporters en route to the IBM site. <\/p>\n<p>On Tuesday, Micron Technology said it would invest up to $100 billion over the next 20-plus years to build a semiconductor fabrication facility in New York that is expected to create nearly 50,000 jobs, with the first phase investment of $20 billion planned this decade.<\/p>\n<p>Biden will visit will be joined by Chief Executive Arvind Krishna.<\/p>\n<p>IBM said chips funding \u201cwill ensure a reliable and secure supply of next-generation chips for today\u2019s computers and artificial intelligence platforms.\u201d<\/p>\n<p> (Reporting by Nandita Bose and David Shepardson in WashingtonEditing by Heather Timmons and Matthew Lewis)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/biden-to-tout-ibms\/attachment\/u-s-president-joe-biden-visits-florida\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI950E5-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI950E5-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By David Shepardson and Nandita Bose WASHINGTON (Reuters) -President Joe Biden on Thursday will tout IBM Corp\u2019s plans to invest $20 billion in New York over the next decade in<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1676171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1676171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1676171"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1676171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1676171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1676171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1676171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}