"US manufacturing is about to be reinvigorated"
Oh i'm going to be downvoted into oblivion for this one.... but I think this is a win we can give to Trump. It was a hard focus of his, I think he put the right people in place to do it, and I think time is going to prove he was right to do it.
I didn't vote for him in 2016, but I think it's important to acknowledge it.
I understand, but I was commenting specifically around the comment "US Manufacturing is reinvigorating" which it is, and which is more general than chips.
I think when the Trump admin renegotiated trade policies (and I'll given Biden credit for keeping them) the economic incentives were rebalanced. I think the result is complex/low volume manufacturing is starting to return to the US, and simple high volume manufacturing is moving to Mexico (which we have a very good relationship with... i'll discredit Trump for being so stupidly aggressive with them in the first few months of his administration though)
This is because of the CHIPS act. Other than Trump's constant whinging about China, he didn't have anything to do with this.