Semiconductors are an important strategic manufacturing capability. Strategic in a “you want homegrown foundries to make smart-bombs” sense, and also in a “chip

Semiconductors are an important strategic manufacturing capability. Strategic in a “you want homegrown foundries to make smart-bombs” sense, and also in a “chips are a basic component that every other industry uses” sense. Their main competition is TSMC which also gets subsidies. Everybody who wants semiconductor manufacturing pays up. CHIPS is the US taking the first step toward getting back in that game. It isn’t an unfair advantage really, it is an attempt to level the playing field. Is Intel the ideal recipient? Not sure. A pure foundry seems like a better (more strategic) candidate to me. But no US foundry is that competitive, right?