OK, I guess I'm letting you know how "senior" I am...but, when my wife and I were dating we took a trip to Scandinavia, stopping in Oslo and enjoying the kindness of our hosts, people from the Tandberg factory. I owned a Tandberg receiver and cassette deck and was interested to see where they were born. This was the late 1970's and the folks from Tandberg let us know that they thought the days of being competitive in the world audio market, while assembling their products in Norway were numbered.
I'm thinking that NAD revolutionized the business model by designing the equipment in North America, but outsourcing the assembly to Taiwan and now China. That business model is now commonplace with many, if not most American companies.