Electronics design and manufacturing aren’t specifically mentioned in this report on China’s “involution“* in certain key sectors including solar, batteries and EVs, but the parallels and implications are clear. China commands a 50 to 99% share of those latter markets worldwide, and similarly dominates the electronics space.

Moreover, the conclusions brought forth — extreme efforts from the West to subsidize and block Chinese suppliers from their markets; China continues its race to the price bottom, making R&D spending all but impossible — clearly suggest a treacherous road ahead for those serving the electronics market.

*the act or an instance of enfolding or entangling; a shrinking or return to a former size