"It's not likely that final assembly will be moved to the U.S., never mind the full electronics component supply chain," Lam said. "Simply comparing the average wages of blue-collar workers in Zhengzhou, China, and Detroit, Michigan, already shows that the cost would be several times higher."
The majority of consumer electronics are still overwhelmingly made in China, which produced 64% of the world's smartphones last year, along with 79% of its laptops and 72% of its TVs, according to Counterpoint Research data. Read More
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