Remember the chip shortage of the pandemic years? Well, that may seem like a mere blip should matters get out of hand between China and the United States.

The US was producing about a third of the world’s semiconductors in the ‘90s, but this has now dipped to about 12% as jobs and manufacturing have moved eastwards. It’s now belatedly seeking to bring some of this production home, and this year passed the US CHIPS and Science Act, which seeks to breathe life back into its domestic semiconductor industry and is offering over $50 billion in funding.