The reality of world competition for America’s factory owners

In today’s dog-eat-dog world, change is constant and accelerating. Other countries are stealing our factories and jobs and are hungry for more. That is the new reality.

For example, in the 1990s, a California-based company called FormFactor developed a new and faster way to test semiconductors, the heart of today’s computers. Chipmakers needed assurance their products operate efficiently, consistently and have long-term durability.

FormFactor was founded by a Ukrainian immigrant named Igor Khandros, who was an IBM engineer. Khandros developed the device, found investors and manufactured it in...