Took me longer than I care to admit to realize that USG stood for United States Government.

Regarding the statement, I also would point out that there is an almost global push towards promoting domestic chip manufacturing and reducing the reliance on globalization of critical infrastructure, not just in the United States.

In my geopolitical armchair expert opinion, I would guess this is in part caused by the conflict in Ukraine as well as rising tensions between the various 'global powers' further compounding the general loss of confidence that followed COVID-19.