TSMC is the world's largest manufacturer of chips. They are off shoring their operations from Taiwan--in part to secure them against a Chinese occupation of the island that would gain China none of their capacity when complete--to the US in particular. The plant below is under construction in Phoenix and when complete will be the biggest chip plant in the US
TSMC started this project towards the end of Trump's first term. Biden tried to take credit for it but that's bullshit. TSMC has sunk about $170 billion into this plant to date. When done it will have 6 "fabs" (production lines). You can get some idea of just how huge this plant is by the size of the cars on Loop 303 (a six-lane interstate style highway) and adjacent access road in the foreground.
So, the US capacity to make chips domestically is expanding significantly to the detriment of countries like China.