ChipsCNBC Tech1 day ago
Betting on Shenzhen over Silicon Valley
1 min read
MIT graduate Joshua Woodard left Apple to run supply chain firm The Sparrows in Shenzhen, betting the city's factories will sell tech globally for the next decade. Shenzhen accounted for nearly 19% of China's advanced tech exports last year. Working in Shenzhen reduces costs by about two-thirds and cuts prototype time from weeks to days.
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