IBM, one of the largest and oldest technology companies, said on Monday that it is going to invest $150 billion in America, as part of a major fillip to the Trump's administration's goal to bring manufacturing back to the country. The announcement includes an investment of more than $30 billion in research and development to advance and continue IBM's American manufacturing of mainframe and quantum computers.

"We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we are ensuring that IBM remains the epicentre of the world's most advanced computing and AI capabilities," said Arvind Krishna, chairman, president and chief executive officer, IBM in a statement.

With the announcement, IBM joins a legion of tech behemoths, that include Nvidia and Apple, both of which pledged $500 billion towards manufacturing in America. Earlier this month, Nvidia said that it plans to produce up to half a trillion dollars of AI infrastructure in the U.S through partnerships with TSMC, Foxconn, Wistron, Amkor and SPIL.

Nvidia added that for the first time, the company will produce Nvidia AI supercomputers entirely in the U.S. The company—along with its manufacturing partners—has commissioned more than a million square feet of manufacturing space to build and test Nvidia Blackwell chips in Arizona and AI supercomputers in Texas.

In February, Apple announced its largest-ever spend commitment, with plans to spend and invest more than $500 billion in the U.S. over the next four years. As part of this package of U.S. investments, Apple and its partners will open a new advanced manufacturing facility in Houston to produce servers that support Apple Intelligence. This 250,000-square-foot server manufacturing facility, slated to open in 2026, will create thousands of jobs.

Apple will also double its U.S. Advanced Manufacturing Fund, which was created in 2017 to support world-class innovation and high-skilled manufacturing jobs across America. The growing commitment will increase the fund from $5 billion to $10 billion, focused on promoting advanced manufacturing and skills development throughout the country. The fund’s expansion includes a multibillion-dollar commitment from Apple to produce advanced silicon in TSMC’s Fab 21 facility in Arizona. Apple is the largest customer at this state-of-the-art facility, which employs more than 2,000 workers to manufacture the chips in the United States.