The tech giant's huge pledge includes $30 billion for research and development to continue IBM's manufacturing of mainframe and quantum computers.

Arvind Krishna, IBM chairman, president and chief executive officer, said in a statement: "Technology doesn't just build the future - it defines it.

"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 AI capabilities."

IBM, which operates the world's largest fleet of quantum computer systems, also insisted it will continue to build and assemble, as well as design, quantum computers in the US.

This comes after Nvidia recently told of plans to build AI servers worth up to $500 billion in America over the next four years.