When we gave China all our non proprietary product manufacturing, "we" gave them much of the profit. With that profit they moved deeper in to the supply chain by buying semi-conductor manufacturing. With that profit they are moving into buying semiconductor fab equipment manufacturers. How does this happen? The same way as they got started. Paying above market value making it hard for sellers to justify not selling to them. They are executing on a plan started years ago and other than their continuing need to steal IP, because they can't invent shit, they are getting more and more proficient.

Here's the kicker, it's our fault for enabling them, not because of profit greedy corporations, but because greedy consumers have to own one of everything their neighbors have, and then another when new models come out and so on. No one could afford this if it were all American made, so corporations looked to dirt poor countries to exploit them on our behalf.

Next time you think you "need" something wait until you have enough saved to buy American. By then you will either have lost interest, or you will be a proud owner of something you wont be inclined to replace on a whim to keep up with the Joneses.