I hate this. I truly believe that Intel swindled the government by playing up the fear of TSMC taking over and China invading Taiwan to "acquire" TSMC. Also, chip shortages are ending fast. We might soon have a surplus of chips because of capacity expansion in response to Covid but demand is declining or returning to normal.<p>Now tax payers have to hand over $54 billion mostly to Intel and other rich semiconductor companies.
I love this.<p>There is no alternative but to having American competency at making chips. Relying on the rest of the world (*one small island nation) to do this is unsafe. Shocks must be guarded against. This is an existential risk to any society, as a number of sanctioned countries have seen time & time again.<p>Having foundry capabilities here will insure ongoing American talent in the realm, and insure chip making opportunities are open to new & existinf companies.<p>The cost is tiny for enormous security.