There are many other aerospace companies that are in principle capable of designing high performance airplanes in the US. There are literally no other companies

There are many other aerospace companies that are in principle capable of designing high performance airplanes in the US. There are literally no other companies in the US with modern semiconductor manufacturing expertise (in logic, not memory, GF doesn't count). The level of capital expenditures and technological expertise and IP required to manufacture leading edge semiconductors is staggering. It's unlikely you could even start a new company that could manufacture leading edge semiconductors for the entire $23 billion that is in that bill. (They'd also probably get sued into oblivion by existing manufacturers with basically zero patent protection.) Just look at what happened to Globalfoundries. It was given effectively free capital for close to a decade, a not totally instate starting point of starting from nothing AMD's old fabs, and in the end gave up. The "diagnosis" of Intel is that it threw away the chance of higher volume for lower margin which gave TSMC a bunch of money to catch up to them. (I think that's a very hindsight is 20/20 kind of view too...I don't think anyone thought that the iPhone would become larger than the entire PC market when it came out...and at those volumes Apple would eventually realize anyway that it wouldn't make sense to keep paying Intel to make chips for them.) I don't see how a start up is going to capture that volume without some sort of pseudo-captive market to grow with (which is basically how the various companies in China are progressing...).