IBM is the latest Western company to scale back operations in China, cutting over 1,000 jobs and closing its China Development and Systems Labs amid rising geopolitical tensions between the U.S. and China. This decision comes as U.S.-China relations strain over technologies like AI and green tech, pushing American firms to reassess their future in the Chinese market. IBM, which has a long history in China dating back to 1934, has seen its revenue in the country drop significantly last year. The company plans to shift research work to other global locations.
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