Your argument sounds like one for local investment in fabs. The point is that you develop industry (with subsidies) and the ancillary industries follow and then

Your argument sounds like one for local investment in fabs. The point is that you develop industry (with subsidies) and the ancillary industries follow and then you (and the rest of the world) are not dependent on a single source. Of course it's not enough to just pay Intel to open a fab you have to compete successfully with places like Taiwan and have a growing industry, otherwise that won't happen. That's the main risk here.