The comments here seem to show a typical US-EU divide in perspectives, people talk past each other. Yes, mass-market low-margin consumer products (the US view) probably won't be produced much in the EU in the next few years. But much of the electronics industry in the EU is B2B and centers around producing high-margin products where 10.000 units of a product would be huge. The company I work for, for example, usually…
That is an excellent point. The development costs of such low-volume projects are often way higher than the production costs. Having production in house or close often allows tighter, thus faster, prototyping and feedback during development, which in turn saves money. The whole "But how can this be scaled and monetized" crowd here also does not seem to understand the point of such projects and Germany's Hacker commun…
Many people don't have the desire to expand forever. In my case I hope the company grows o 20 or 30 employees, and then I would work stabilizing it so it can last 50+ years. e.g. setting up a trust to oversee the well being of employees, the quality of the products, etc.
This is completely alien to most american founders and businessmen, in the words of Larry Elison: "it's not enough for me to win, it's about everybody else losing"