Yup, and it's not limited to electronics. The company I work for manufactures test systems for hospital labs. As it happens, headquarters, chemical manufacture and R&D are in Ireland, equipment manufacture and more R&D in Germany, but our disposable kits have been moved to China where it costs a quarter of the cost it used to in Ireland - including shipping the chemicals over and shipping the finished goods back. It's sad, but you can't compete with that. I was lucky to be in instrument R&D, but there were many lost jobs because of the transfer of the disposables to China...
