This is exactly right. Onshoring fabs back to the US is part of a long term political and economic strategic plan to counter China called The Clean Network / The "5G trifecta" — TSMC's new fab in Arizona will be the largest onshoring in American history.
https://en.wikipedia.org/wiki/The_Clean_Network#The_%225G_tr...
https://keithkrach.com/article/tsmc-12b-chip-plant-in-arizon...