From that point of view it makes absolutely no sense. Also, why would an American company who already has issues due to American restrictions to do business etc., look to establish a second source outside of its footprint? Or add more taxes?
The negatives are endless with this scenario and the conflicts are obvious. But as I looked at it over and over I tried to see if there were any positives to this latest debacle. Like you point out why do what they did if they have already a manufacturing partner? Well for one thing that partnership expires soon. The only benefit I can see are the benefits that directly impact LL’s investment in the USA. Other than that, LL doesn’t need LQMT. But the expansion of companies outside of China that can use LL’s process might benefit his share value here. I can’t see any other reason.
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