That's already happening for the big players, or at least Apple anyway. A big chunk of iPhones are now made in India, Airpods, iPads, macbook assembly is now largely happening in Vietnam and Thailand.

Granted, I don't think continuing to shift to places with slave wages is a good thing overall, but we need complete factory automation to solve that problem (the problem of wanting cheap goods AND ethical labor). But the major players have seen the writing on the wall ever since covid lockdowns and have been slowly moving out of China since.