The reality is that you’re going to see more places investing in these capabilities now, precisely because the chip shortage has shown how critical these capabilities are.

The ability to manufacture these is no longer simply an economic consideration. For countries that can afford it, it is a security consideration as well, and that changes the calculus of how much they’re willing to invest in their own industries and infrastructure.

On the other hand, thinking that putting in a bit of money in is going to make a difference is wishful thinking. The US put tens of billions into the CHIPS act, but this is a one-time off thing. Taiwan and TSMC invests tens of billions every year to keep its edge, and has been doing so for decades.