The CHIPS Act allocated approximately billion dollars to boost domestic semiconductor manufacturing.
Manufacturing jobs peaked in the US around , before declining significantly over the following decades.
China became the world's largest manufacturer around , surpassing the United States.
The average manufacturing wage in China is approximately times lower than in the United States.
During COVID-19, global supply chain disruptions led to shortages in critical sectors like and automotive.
Intel announced plans to build new fabs in as part of the reshoring initiative, requiring massive infrastructure investment.