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 on Monday joined a slew of technology companies to announce plans for new investments in the United States, as the Trump administration pressures firms to expand their U.S. ma

IBM is the latest to announce U.S.-based commitments in the wake of the Trump administration's push to increase domestic manufacturing.