This reminds me of the oil curse. After a country discovers it has lots of oil, it nukes every other sector of their economy. Why? Because there's nothing

This reminds me of the oil curse. After a country discovers it has lots of oil, it nukes every other sector of their economy. Why? Because there's nothing you can invest your money in which would give you a larger return than oil. It sucks the lifeblood out of every other sector. Apple just didn't invest in its electric cars enough to let them develop it fast enough, and now with China coming online, the window of opportunity has past. Same reason why Google didn't productize its deep learning R&D. The only company which has ever ben able to escape from this trap is Intel--when the Japanese chased them out of the memory chip market, they switched to microprocessors. And now, when ARM chased them out of microprocessors, they are switching over to building fabs. The chip architects I know over there are watching their budgets being switched over. Only the paranoid survive.