BRIEFLY : Mexico rejected IBM’s plan to build a PC plant.
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The National Commission on Foreign Investments turned down the proposal, in which IBM would have retained total control, since “businesses already exist that currently manufacture the microcomputers with a majority of national capital.” IBM had proposed to expand its existing plant in El Salto, in western Jalisco state, to manufacture the PCs. If the plan had been approved, IBM would have become the first to operate a wholly owned U.S. company in the microcomputer field in Mexico.
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