Accelerated by the pandemic and associated supply chain nightmares, as well as the various incentives to quit China, moves to reshore hit a record high in 2021. And they seem to be gathering pace.

In a particularly strident move, the Biden administration has just barred all US tech companies that receive government funding from building "advanced technology" facilities in China for the next decade.

In a press briefing in September 2022, US Commerce Secretary Gina Raimondo explained that the US government will "be implementing the guardrails to ensure those who receive CHIPS funds cannot compromise national security… They’re not allowed to use this money to invest in China; they can’t develop leading-edge technologies in China; they can’t send [the] latest technology overseas."

What America is doing to break away from China