President Biden has been focussed on COVID-19 relief, jobs, rebuilding an economy in disarray and getting his Cabinet nominees in place during his first month in office. Semiconductor supply is not near to being a top priority.
Having said that President Biden is expected to sign an executive order in the next few weeks that would call for a comprehensive review of the semiconductor supply chain. The White House is expected to consider incentives to bring manufacturing of semiconductors back to the USA in a process referred to as "on-shoring", bringing manufacturing back to the USA.
Unfortunately, it takes years and billions of US$ to bring a new fab plant online.
China remains an aggressive competitor to the USA that condones the theft of US intellectual property, abuses human rights, uses its military to threaten its neighbours and destroys the environment. I would not expect a thaw in US China relations anytime soon.