Yes, they have: TSMC is expanding fabs to outside of China's geographic sphere of influence. Even just having one coming into the US should be enough for European China hawks to feel they have a little breathing room, but from that perspective it also won't be enough. As a result, Europe is in fact working right now with TSMC & Samsung to discuss options for advanced fabs.
This actually presents a bit of peril though. China is not going to be thrilled that its industrial influence is on the decline, and the question is "How will they respond?"
We already know part of the response: We can see it play out in the contentious situation regarding adoption of 5G equipment in Europe. There is also the fact that China is investing enormous sums of money in foreign ventures and areas of the developing world, e.g., parts of Africa. These areas may effectively become client states to China.
It is, in some ways, a very interesting response to the failed methods employed by the Soviet Union. There, client states were obtained & held largely through military means. That was done either with the threat of force to client states to keep in line, or military support for regimes or regime change, for example North Vietnam.
Especially having some experience with those endeavors, China has moved on to non-military methods-- economic development. That is probably preferable to the threat massive global conflict, or even just lots of smaller ones, but if you worry about China expanding their values throughout the world, in being more effective it is also more worrying.
Probably about the best thing we can do is the path we have started on: diversification from reliance on China, and our own support in equal or greater measures of the developing world.
I should be clear though: when I talk of expanding China's values as a negative, I always mean that in the political sense of the repressive Chinese government, not the people themselves.
As a German, I think a European policy analogue to what we did under Brandt and following would be optimal. Reliance usually isn't one-sided, China needs us as much as we need them. On strategic issues, we should certainly strive for self-sufficiency, but it simply isn't smart for us to "join a camp".
In contrast to smaller nations, the EU as a whole is too large to ignore even if we aren't following the line of the cold war superpowers. We can do our own thing and cooperate where it suits us.
On another note, your example of Vietnam is pretty ridiculous, as the situation was the other way around - the US invaded and committed genocide in what was originally a one-sided civil war, in the name of "holding the red wave".
Vietnam wasn't a shining example of human rights, but US policy in this case was abysmal and led to the death of millions of people. And the fact that the US stil does not not accept that they committed a genocide speaks volumes about the moral integrity defenders of the Trans-Atlantic alliance like to bring up.
This actually presents a bit of peril though. China is not going to be thrilled that its industrial influence is on the decline, and the question is "How will they respond?"
We already know part of the response: We can see it play out in the contentious situation regarding adoption of 5G equipment in Europe. There is also the fact that China is investing enormous sums of money in foreign ventures and areas of the developing world, e.g., parts of Africa. These areas may effectively become client states to China.
It is, in some ways, a very interesting response to the failed methods employed by the Soviet Union. There, client states were obtained & held largely through military means. That was done either with the threat of force to client states to keep in line, or military support for regimes or regime change, for example North Vietnam.
Especially having some experience with those endeavors, China has moved on to non-military methods-- economic development. That is probably preferable to the threat massive global conflict, or even just lots of smaller ones, but if you worry about China expanding their values throughout the world, in being more effective it is also more worrying.
Probably about the best thing we can do is the path we have started on: diversification from reliance on China, and our own support in equal or greater measures of the developing world.
I should be clear though: when I talk of expanding China's values as a negative, I always mean that in the political sense of the repressive Chinese government, not the people themselves.