Here's an unpopular opinion: If the US government - or some European government for that matter - wants companies to start building semiconductor fabrication plants within their borders they should not start offering them carrots like this $8B subsidy, instead they should:

- go lighter on the sticks of onerous environmental regulations

- do their best to recreate an academic culture which centres around competence and expertise instead of political indoctrination and activism

It is not likely to be a lack of money which keeps these plants from being built there, it is the threat of being buried in regulative paperwork and the decade of delay which that comes with because of some critter being found living on the plot where the plant is to be built. It is the regulations around the use of all the nasty chemicals involved in semiconductor fabrication which make it more profitable to build those plants elsewhere. Also, it is the fact that many western universities have been or are in the process of being captured by political activists who turn these institutions from seats of learning into agitprop factories where merit takes a backseat to unalienable characteristics like race, sex and sexual orientation.

Given that we here in 'the west' insist on having access to the products of these factories I'd say it is more than hypocritical to insist these be manufactured elsewhere because doing so here is too damaging to the environment and the people working in those factories.