The reason why non-US cities manufacture so many semiconductors is that there is simply no profit. Capitalism has pushed manufacturing overseas. There are rough

The reason why non-US cities manufacture so many semiconductors is that there is simply no profit. Capitalism has pushed manufacturing overseas. There are roughly 100-1000 more ARM chips than Intel chips in the world, but the profit margins are miniscule compared to Intel. If Intel made commodity chips, their shareholders would lose value. This bill basically subsidizes the already wealthy to get more wealth and probably won't do much since China will continue to expand while US fabs come online. Free hand of the market my ass.