The US government believes that, if it can shift the center of gravity in advanced chip manufacturing from Taiwan and Korea to the USA, this will enhance the country’s power in the global electronics market and protect its tech and automotive vendors from the worst chip shortages (such as those currently being experienced as a result of the pandemic). It will also, given that Huawei and other Chinese firms are denied access to foundries using US technology, improve the USA’s chances in the ongoing hi-tech cold war with China. The Trump and Biden administrations have both offered powerful incentives to major chip manufacturers to invest in new plants on US soil. TSMC is building a huge facility in Arizona; Intel…