Sony used to make color TVs in S.CA. Then moved to Mexico. They can't even compete in Mexico. Moved back to Asia. But, the Japanese are in about the same boat that we are. Except for the very high-end stuff, they can't afford to make in Japan, either. What goes around comes around. If we can survive. Chinese (both of them) and Korea, etc., are simply too cheap and too good. With everything being automated they only need to train folks as drones. Worker-bees.
Last company I was with in TX is making money hand-over-fist at the moment. Not because they are so good (but, since I built the place and ran it for the first five years, how could they be anything else
) but because the exchange rate on the dollar makes our high-tech goods very cheap overseas. And we made double-side polished wafers and special epi wafers, so are in somewhat of a nitch market. But, in the long-run, they won't last, either. Will simply be overwhelmed by the cheap labor in Asia once they decide to attack the market. Nothing new under the sun.