International Business Machines (IBM) said Monday it plans to invest $150 billion in the US over the next five years to advance the country's computer manufacturing and boost its economy.

The investment plan includes more than $30 billion in research and development for making mainframe and quantum computers in the US, according to the technology giant. IBM said it will continue to design, build and assemble quantum computers in America.

"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 epicenter of the world's most advanced computing and (artificial intelligence) capabilities," Chief Executive Arvind Krishna said in a statement.

The move comes after US President Donald Trump earlier this month announced sweeping new tariffs on imports from several nations, including China and Japan, in an attempt to boost US manufacturing. The White House reportedly exempted computers and smartphones from reciprocal duties.

Trump later declared a 90-day pause on tariffs for non-retaliating countries. However, the US and China have been in a deadlock, having raised tariffs on each other's goods multiple times.

Last week, IBM reported first-quarter earnings above market estimates while revenue unexpectedly increased amid gains in its software business. At the time, the company maintained its full-year outlook for revenue to grow by at least 5% on a constant-currency basis.

Earlier in April, tech giant Nvidia (NVDA) said it was working with its manufacturing partners to design and build factories that will produce AI supercomputers entirely in the US. The company plans to produce up to $500 billion of AI infrastructure in the US over the next four years through various partnerships.

In February, iPhone maker Apple (AAPL) disclosed plans to invest more than $500 billion in the US over the next four years, including for an AI server factory in Texas.