Another commenter already noted the CHIPS[1] act, which was a deliberate act to try and specifically bring fundamental high value chip manufacturing and science to the United States.

It is extremely relevant to this conversation. Regardless of whether you think China engages in a war with Taiwan, it is a crucial resource the US will want developed locally (similar to any critical resource like farming, steel, or rare earth metals).

CHIPs seemed more well thought out than simply taking control of 10% of Intel.

[1] - https://en.wikipedia.org/wiki/CHIPS_and_Science_Act