In a few years I wonder if governments will be looking at the massive subsidies they're paying every year just to keep these fabs afloat during the obvious upco

In a few years I wonder if governments will be looking at the massive subsidies they're paying every year just to keep these fabs afloat during the obvious upcoming chip glut and wonder what they were thinking. Demand for chips will continue to grow (historical growth is about 5% a year) but I don't think the market can support a dozen new fabs around the world without taxpayer money. that's just too much supply and extremely expensive insurance for "national security".