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> Even the ones based out of the US or Singapore spend most of their time in Shenzen

Agree. Lived in SG for 14 years, worked for hardware startups for 8 of those. There really isn't much going on HW wise.

My experience has been that if you work with the government on a project, as if by magic, ST Engineering comes up with a competing product within 1-2 years.



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