To your last point. That could well be the case.
There are rumors that Apple will pressure Hon Hai to build a manufacturing plant in the United States. But that would just be one example.
There is a lot of awareness in Europe of how Germany's manufacturing- and export-led economy is really the most viable here. There is also much discussion of re-industrialization.
But how to achieve it against global competition is not easy.
this is an interesting article, I think Global Semiconductor Executives are figuring out that investing and Playing China is not easy and not worth it any more.
Asian business dominated by low cost competition with local govt. Subsidy and Invention,
1) China specially has too much Govt. intervention. Govt is protecting and promoting local companies and market is not free, no not good business Ideas, besides very hard to protect IP & Tech Know how, too many copy cats
2) Korean companies have Govt. protection as well.
3) Taiwan has nationalistic approach to its Industry, hard for outsiders to win here,
It is much easier for Korean and Taiwanese companies to win here,
Also Asian companies are realizing importance of R&D Talent in USA, lot of companies investing in R&D in USA.
I think more MFG investment will also be seen from Asia in USA.