The difference between this and the auto industry bailouts in 2008 is that in many peoples' views, the semiconductor situation is a national security concern.

The difference between this and the auto industry bailouts in 2008 is that in many peoples' views, the semiconductor situation is a national security concern. Things are building toward war with China over Taiwan, with TSMC being a major factor. Militarily there is nothing short of a full-scale open war with China that can prevent this and perhaps not even that.