I've been saying this for ages. Otherwise it goes from "US/EU research, US/EU design, Asia made, US/EU/Asian consumer" to "Asian research, Asian design, Asian manufacture, Asian consumer". Maybe with some limited access to stuff China is OK with the US still having, at a suitable delay from their own cutting edge stuff of course to make sure the West never catches back up.
Anyone remember the period in history where Germany held all the "IP"/"know-how" (I hate that latter term!). How did that work out for England, anyway?