The company then adopted said American company's platform, had consecutive huge losses (for the first time in decades), and was forced to sell several divisions to the same American company...
If I recall correctly the company was not going to make it during the Great Recession, and no buyers wanted them. So the Chinese bought them but still couldn’t save them from their ultimate fate.
The Chinese owner tried to revive the brand a couple of years ago with an electric vehicle, but I guess that didn’t work out after all.
[1] http://www.businesskorea.co.kr/news/articleView.html?idxno=3...
Micron has stated they regret the situation and how they were forced to do business in China (which many other companies have expressed too, e.g. forced JV's etc). China is a substantial amount of Micron's sales, so they cannot walk away and they have to find a way to mange the situation and still protect the company. They are a business, having regret doesn't mean you take your balls and go home, they need to make money for their shareholders so they will do what is required.
To be clear, the US opened a trade investigation last year into it [1], and China opened it's own anti-trust style investigation as retaliation [2].
[1] https://www.reuters.com/article/us-usa-justice-china-espiona...
[2] https://www.investors.com/news/technology/micron-technology-...
China is the one and only country in the world that bought into Buick...
They got a very good perception that they are not in the business of selling cars, but in the business of selling "Americannes." Most Chinese Buick buyers care not of the car falling apart as they drive, as much as it being an American car
For example, Western users are used to refining their search query and clicking a single link among the results. Whereas Chinese users click most of the links and are used to them opening in different tabs.
However, it took months of convincing to get Google to create a new tab when clicking a link in search results.
Rumor is a Chinese owned company is already ripping our products off; I can only imagine if we had production occurring there.
The topic getting controversial, by far does not indicate it being unworthy of discussion.
E: I think it's important to highlight that while that data suggests profit seeking US companies overwhelmingly do not regret entering China, that doesn't mean it's beneficial to long term US interests. You have to understand that on paper, China - US trade accounts for a few percentage points of each other's GDP, and indeed both economies are actually not very trade dependent. Many companies and people will still get hurt, the pain will be disproportionately applied, but this tradewar is mostly political theater that both leaders are exploiting since there is no existential risk.