Most of the incumbents are well aware of this risk - that's why they all run on-site labs in those countries where there's talent. China is interesting (see Qualcomm and Intel) but I'll assert that the West will continue to win until the other countries trying to compete truly embrace immigrants/engineering talent in the same way. When the MIT kids start talking jobs in China rather than the Valley you know you're fucked. But that's not happening anytime soon.
3/3/15 at 12:50pm