Not a coincidence the US usually has a carrier battle group somewhere between the two.
Cross straight relations is a definite hotspot, China (PRC) maintain Taiwan is still their territory.
The US has traditionally sat as a buffer to prevent China asserting that militarily but with the US becoming more isolationist and the Chinese rapid expanding their blue fleet capabilities it's only a matter of time until things get...tense.
The USA hasn't sent an aircraft carrier through the Taiwan Strait since 2007. Barring some major geopolitical shakeup, it is fairly likely it will never do so again.
The US has traditionally used Taiwan as yet another military foothold in the Asia-Pacific to project and exert its own influence in the region for geopolitical objectives, the containment of China being one of them.
A far more likely scenario would be where the US undertakes overt military action against Iran, wasting money and resources while China sits back and consolidates power in its own sphere of influence.
Frankly both of those statements are true of all major industrial nations.
Though I don’t trust this. I guess, this money will be accessible only to companies having dedicated departments writing grants (like the big car companies) and it will be wasted at the end. This country should start immediately increasing salaries in research institutions and stop that nonsense with many many 1 year contracts for scientific staff.
When it comes to IC design more broadly, just put in Google/DDG the name of an industrial nation and a couple other related words, and enjoy the results.
I could think of more if it was my job, but I don't see why you'd dismiss it out of hand. Why would it be so personally important to you that the Chinese government is seen as greatest state sponsor of microarchitectural research using RISC-V?