On the other hand, the amount of money you can actually make on electronics manufacturing pales in comparison to the money that can be made selling software for those devices. The margins in electronics suck, and this is coming from someone who really enjoys doing electronics design.

It's also worth noting that in a lot of areas the software effort required to make things work well dwarfs the work that goes into the physical hardware, both in terms of money and engineer time. Anyone can spin up a board with some chips but actually doing all the bringup/drivers/DSP/UI requires a ton of skill and effort.

I think it's probably ok to let Asia have this and worry about staying ahead on all the tons of stuff that has to go on top.