This article sounds more like “globalization is dead for semiconductors”.
That is, globalization of semiconductors is still there, but suddenly it has less Shenzhen and Hong Kong in it.
Smaller semiconductor fabs, and non-chip semiconductor (like MOSFET or LED) manufacturers are even more widely spread.
OTOH EU is now considered sort of one quasi-state, so the massive cross-Europe trade, which would be considered a sign of globalization in 1923, just passes as an unnoticed baseline in 22023.
[1]: https://finance.yahoo.com/news/top-10-semiconductor-manufact...