Biden: IBM investment to help in tech competition with China

Published October 6, 2022 3:01 AM

By AAMER MADHANI and JOSH BOAK
Associated Press

POUGHKEEPSIE, N.Y. (AP) — President Joe Biden says a $20 billion investment by IBM in New York’s Hudson River Valley will help give the United States a technological edge against China. He hailed the company’s expansion during an appearance Thursday in Poughkeepsie, New York, with two House Democrats in competitive races in next month’s critical elections. The president cites IBM’s commitment as part of a larger manufacturing boom, spurred by this summer’s passage of a $280 billion measure intended to boost the semiconductor industry and scientific research. He says that legislation was needed for national and economic security and that “the Chinese Communist Party actively lobbied against” it.

Article Topic Follows: AP National Business

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