Since Donald Trump’s election, numerous companies have revealed multibillion-dollar investment plans aimed at expanding their manufacturing presence within the United States.

IBM has announced its intention to invest $150 billion in the U.S. over the next five years. This investment will include funding for research and development, as well as the manufacturing of mainframe and quantum computers.

As one of the largest employers in the tech sector, IBM stated that its goal is to support the U.S. economy and strengthen its position as a global leader in computing technologies, according to a company announcement made on Monday.

Following President Trump’s election, companies ranging from Apple to Eli Lilly have also announced significant investments to grow their production capacity in the U.S. However, according to Bloomberg, many of these plans were either already underway before the election or aligned with existing trends in domestic investment.

“We’ve been committed to American jobs and manufacturing since our founding 114 years ago,” said CEO Arvind Krishna. “With this investment and focus on production, we are ensuring IBM remains at the forefront of advanced computing and artificial intelligence technologies worldwide.”