HP acquires Palm. It isn't suprising that Palm got acquired, what is surprising (to me anyway) was that it was HP. Everyone else was mentioned at one point.
That puts both U.S. PC makers - Dell and HP - into the cellphone market. Add Smartphone giants Apple and RIM, plus Microsoft's and Google's recent foray into cellphones, then include struggling Motorola, and we have a nice little cellphone industry located right here in North America.
Of course none of the manufacturing is done here - it's all overseas.