You are absolutely right but missing the point. The CHIPS act is to make domestic foundries for companies where the manufacturing is outside of the United State

You are absolutely right but missing the point. The CHIPS act is to make domestic foundries for companies where the manufacturing is outside of the United States. It is to make us resistant to supply chain problems and also the possibility of tampering of computer components. Foundry creation is incredibly expensive and to get to the state of the art lithography is hard but global foundries can make chips for things that don't require that. The subsidies should reflect that (Intel / TSMC have had this grant also). On the other hand they could just not complete what they promised and we would be in a bad position: https://www.theverge.com/2019/4/10/18296793/foxconn-wisconsin-location-factory-innovation-centers-technology-hub-no-news https://www.theverge.com/2019/4/10/18296793/foxconn-wisconsi... Others have said about trickle down economics (this can be debated).