Stocks are mostly lower in Asia after Wall Street tapped fresh records, led by big gains in chipmakers.

Virginia Gov. Glenn Youngkin has said while visiting Tokyo that he hopes to forge “trusted supply chain relationships” with U.S. allies and friends to create supply chains that are not China-dependent.

President Joe Biden is working to create a manufacturing revival.

Energy Secretary Jennifer Granholm says a $15 billion investment in a new semiconductor plant by Boise, Idaho-based chipmaker Micron in its hometown is a step in protecting the United States from the vulnerabilities of a globalized market made clear by the COVID-19 pandemic and the war in Ukraine.