What Washington should be doing is investing in creating a US-based top-notch semiconductor foundry business. And that's something that takes 20+ years.
That would require leadership and vision. Unfortunately, too many American politicians would prefer to use any money available for that to instead cut taxes yet again.
Sematech was the last US government effort to improve US competitiveness in semiconductors. It's still around but isn't a US government initiative any longer.
He's saying you can't make arbitrary chips at the Intel fabs. So you could end up with a proverbial car with no wheels. Looks cool but it ain't going anywhere.
I think I'd appreciate a [citation needed] as well.
But as several other people pointed out, and several political luminaries from the past have also pointed out, a global supply chain reduces the threat of war. Either goods cross borders or soldiers do.
Tesla's chips are made in Samsung's Austin, Texas plant.
This sounds much easier than telling TSMC to build a whole new fab on American soil.