There's little to no incentive for these companies to invest in us manufacturing. Developing fabs elsewhere would likely meet less regulatory difficulty and hav

There's little to no incentive for these companies to invest in us manufacturing. Developing fabs elsewhere would likely meet less regulatory difficulty and have lower labor costs. This CHIPS act is a necessary acknowledgement that something has to be done to onshore this production. Semiconductors are- from a national security level & beyond- one of the few absolutely critical must have industrial capacities, and the US- if it wants to have this capability- locally has to be willing to put up and shell out extra money to compensate & adjust for our costlier/uncompetitve economic environment.