IBM has announced plans to invest $150 billion in the United States over the next five years to boost the economy and cement its position as a global technological leader. More than $30 billion will be allocated towards research and development, focusing on mainframes and quantum computing.

IBM plans to spend $30 billion in the development of quantum computers and mainframe systems in the US over the next five years as part of a $150 billion investment pledge. Big Blue announced its plans on Monday in a move that it said would “fuel the economy” and “accelerate” the company’s role as a global leader in computing.