You have some points re trade war, that is definitely a thing that is going on. However, the on-shoring of chip production is especially for military strategic

You have some points re trade war, that is definitely a thing that is going on. However, the on-shoring of chip production is especially for military strategic purposes. Right now a majority of chip fabs are all in Taiwan, and within striking range of a country that likes to rattle its sabers. Losing Taiwan's fabs would be a problem wrt military supply.