No, it's not. Have you ever been outside of the Tier-3 cities in China? It's third-world levels of electrification and development generally speaking. For reference, that's 800 million people, 60% of the population, living in the absolute shit.

And ASIC fabrication depends on Taiwanese semiconductors anyway. No reason why the US can't leapfrog them in 4 years if there's an interest and it makes economic sense to move production to the US instead.