The problem of US-based or ally-based technology companies that fall behind competitively or economically and then are allowed to fail inescapably ensures US dependence for essential/secure tech supplies on others, some with motives contrary to our well-being. This chink in our commercial, military, and security armor should wake the US government to the necessity of underwriting some essential industries, products, or services -- as China famously does.
The US gov't has underwritten a few niche industries for decades such as supercomputing (e.g. Cray and TMC) and crypto. But for some reason they've been reluctant to do this more broadly for other essential industries like microelectronics, telecom, battery tech, and more. Clearly the potential repercussions of such oversights should compel this laissez-faire policy to be reconsidered.