More domestic chip production capacity is one of the big goals of both the US and the European Union, as both realize the world's supply is very concentrated in a tiny part of Asia.
Last month, Apple (AAPL) Chief Executive Tim Cook told employees that the tech giant would source some of its chips from Arizona as the company looks to diversify its supply chain.
"We’ve already made a decision to be buying out of a plant in Arizona, and this plant in Arizona starts up in ’24, so we’ve got about two years ahead of us on that one, maybe a little less,” Cook told employees in Germany. "And in Europe, I’m sure that we will also source from Europe as those plans become more apparent."