Today, 80% of chips are produced in Asia (which is problematic for U.S. and the rest of the free world with problems with Russia and China so large

 Today, 80% of chips are produced in Asia. That is no accident. South Korea, mainland China, and Taiwan implemented policies that recognize the strategic importance of the industry. But by having a high concentration of advanced semiconductor manufacturing in one region, the world’s digital foundation is susceptible not only to geopolitical risks, but also to resource constraints and natural disasters. A one-hour power outage in a small area of Taiwan affected 10% of the world’s dynamic random-access memory (DRAM) supply.

We have an ambitious goal to restore chip manufacturing in the U.S. and E.U. to 50% of the world’s total—but a coordinated effort between public and private sectors will be key.

end partial quote from:

https://time.com/collection/davos-2022/6176800/public-private-partnerships-digital-age-success/

The problem with the most advanced chips in the world being produced in Taiwan at present is that if China did a violent overthrow of the Taiwanese government the U.S. government likely would have no choice but to bomb the Taiwanese Chip makers because of the disastrous problem it would create for the U.S. and Europe if they didn't (if China took over Taiwan).

Just think carefully at this point how many military and other devices including all new cars and trucks that need these advanced chips to even operate or be built at all. It's true a government could retool cars and take us back to distributor caps to run car engines again in an emergency. However, that's sort of like the 1950s cars you see in Cuba which are there because they couldn't easily replace those cars with newer ones from the U.S.