I didn't remember that act before you posted it, did you think my "thanks" was snark?
in any case, although I like the government's distributed approach to merely incentivizing competition in the semiconductor supply chain in the CHIPS Act, I think a parallel more direct approach is still useful with direct construction and direct ownership of the entire supply chain - a public option if you will - in parallel to the private sector efforts. the way the US government works would still enable all sorts of private sector competition from contracting bids, as opposed to a really nationalized industry, which we tend to avoid in the US.
with that view, all of the world police funding, while our infrastructure is decrepit, is untenable. especially when our world police efforts are stated specifically to deter other actions from occurring, amongst other reasons, while all reasons are selective outrage.