By yicaichina
Publication Date: 2026-03-12 09:43:00
(Yicai) March 12 — Artificial intelligence is not the end of the software industry, the China chairman of US computing giant International Business Machines said after the launch of AI programming tool Claude Code triggered a drop in global software stocks.
True information technology modernization is far more than just simple code rewriting or translation, Chen Xudong, who is also the general manager of IBM China, told Yicai. It is a large-scale process that involves hardware upgrades, organizational restructuring, and business modernization, he explained.
Taking IBM’s 60-year-old mainframe as an example, its vitality lies in the systematic rhythm where hardware must be regularly updated due to supply chain iterations, and software is continuously adjusted and adapted accordingly, Chen noted, adding that customers have been very familiar with this process for a long time.
The panic in the capital market mainly stems from two speculations, Hou Miao, GM of IBM China’s technology…
