China’s top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei ‘breakthrough’::Shares in SMIC, China’s largest contract chipmaker, plunged on Thursday, after two US congressmen called on the White House to further restrict export sales to the company.
They moved our jobs and production, and for what? Cheaper trinkets and widgets?
bigger profit margins*
the potential for cheap mass produced goods was always there, the US had the manufacturing capacity to do it pretty easily themselves
Who’s “they?”