IBM is planning to open a $10.5 billion manufacturing facility in Mexico, the company announced Tuesday.
The move comes as Mexico grapples with a massive drug crisis, including a surge in murders, in recent years.
The move, which is the latest move by a multinational company to make Mexico a hub for manufacturing, will allow for the company to expand its footprint, which has grown rapidly over the past decade.
Mexico has been the most important manufacturing center for IBM since the company was founded in 1971, when it built its first manufacturing plant.
The country has a population of around 14 million, and the industry is highly skilled, with an average annual rate of 10.5% of jobs created.
More: Mexico’s government has already invested $10 million to create a new $5 billion facility for the country, with the aim of boosting exports to the U.S. by 10% annually by 2022.
The U.K. company also plans to invest $1 billion in a new factory.
In addition to Mexico, IBM is working on plans to expand manufacturing in Canada, the U, Australia and Brazil.