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Knowledge Challenge
A friend thinks you can answer this question about Contract Manufacturing Strategy
You're CEO of a hardware startup at $200M revenue, growing 80% YoY. Your in-house factory in Texas is at 95% capacity. Options: (1) Build a $150M second factory (24-month build, $30M annual ops cost), or (2) Sign a 5-year contract with a major CM in Vietnam (no capex, 8% lower unit cost, but you'd own ~12% of the CM's revenue). Your investor board is split.