Not a surprise to many of us on the GG. We've seen many traditional US tool companies move production to Taiwan, Japan, and China while maintaining their high profit margins.
I recall some years ago that HF sold an outstanding comprehensive Pittsburgh Pro socket set that was made in Taiwan. A Garage Journal member noticed a similarity with a Truck brand. He had the connections and business travel opportunities to actually visit the plant in Taiwan and confirmed that the sets in question were identical coming off the assembly line. He speculated that the only difference between the two were superficial with regard to logo and letter stamping, finish grinding, and packaging.