I guess CHIPS-Act might be even worse: where cryptography didn't end up in huge-volume products that brought big bucks at that time, It is different with AI now

I guess CHIPS-Act might be even worse: where cryptography didn't end up in huge-volume products that brought big bucks at that time, It is different with AI now. Nvidia almost has a monopoly on AI-capable chips. At least for the vast majority of the 'no time to adapt to AMD/Intel/Google chips' researchers. Export controls break that dependence for overseas researchers and they'll look for alternatives, if possible in-country. Meaning that the CHIPS-Act actively hurts American tech companies and induces research spending to build up foreign AI chip capabilities that can undercut any current advantage. The next Asia-is-cheaper-and-better shock will be AI chips from the likes of Huawei, Samsung, NEC.