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Oh come on, this is more American whining. Muh deaths of overdoses, muh Russian election meddling, little old us assaulted on all fronts, won't somebody please spare a thought for the poor hegemon.
The CHIPS act has been about pork and the usual fighting over the spoils from the beginning, its success or failure is of no consequence. China was summarily cut off from modern semiconductor manufacturing and falls behind, new fabs in safe allied countries are being completed, Taiwan is getting reinforced, and AGI seems to be on schedule within 5 years. Yes, could have been done better. But it has gone well enough that advancing petty political agendas took precedence. If there ever is any plausible risk of the US losing control over the global high-end manufacturing chain, I am sure you'll see it going differently.
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