The thing is, TSMC floundered in America because they had to compensate American workers.
American workers aren't cheap.
These brutal Asian work cultures can only exist in Asia.
Americans and Europeans compete through ingenuity and intellect economically, not through a meat grinder of hard work. It's much different.
America's plan to revitalize their industry cannot be contingent on the graces of foreign countries.
China is grinding out their own domestic chip manufacturing even though it's far behind the technological sophistication of Taiwan. In the long run, China's strategy is vastly superior.
It's a bit embarrassing.