Yes! This is a really big part of what's going on. US is fighting Russia and China without technically fighting them. However, this might change with China if they make a move towards Taiwan. TSMC produces around half of the world's chips, even more of the 5nm, and almost all of the 3nm. It's a nice move, but if it forced China to invade Taiwan, the US will protect it. And we will probably have to do it more directly than what we are doing in the Ukraine.