Earlier quoted context omitted.
You don't need to be afraid of China to realize that outsourcing a very large fraction of all manufacturing for half the world to a single non-democratic country doesn't serve our interests in the long run.
Centralization promotes efficiency, until a problem happens. I can't seem to find anything in news headlines, probably because the event I remember hearing about likely happened before Google's founding (I think it was the 1990s or 1980s?); but at a point in time the plastic used for either all or a lot of ICs was manufactured in one single facility. That plant happened to catch fire and it was a major supply issue.…
"Semiconductor Industry Faces Problems After Resin Plant Explosion"
https://apnews.com/article/8fe2925b68d34d33f19a53e4892c74a2
It caused a significant spike in DRAM prices:
https://www.chicagotribune.com/news/ct-xpm-1993-08-06-930806...
Today's low personal computer prices, particularly those on machines made by smaller companies, are likely soon to shoot up more than $100 per machine because of a panic in the world memory-chip market.
Prices already have doubled for computer owners who want to expand the capacity of their machines to handle memory-hungry new programs based on Macintosh System 7 or on Microsoft Windows or the OS/2 operating system for IBM compatibles, industry officials said.
https://www.chicagotribune.com/news/ct-xpm-1993-08-06-930806...