I think it is fair for a government to promote such a key industry to diversify where it is based. Currently a crazy percentage of chips are made in one geograp

I think it is fair for a government to promote such a key industry to diversify where it is based. Currently a crazy percentage of chips are made in one geographical location. A huge amount of the modern economy is reliant on having cheap and easy access to these chips. This isn't a supply/demand decision by governments, but a strategic risk decision. Having some domestic/local regional (think EU based) chip manufacturing is going to be like having steel or food production. A strategic decision.