Comment by overfeed

> If I were setting US policy, I would be trying to get the US-friendly companies to increase production and trying to encourage domestic production so that the US-friendly world can stay ahead.

That's what the CHIPS Act was supposed to do, but it got neutered for partisan political reasons. The CHIP Act was already about a decade too late. US policy is inconsistent across administrations, and the beneficial moves usually made very late in the game, around the time second- and third-order effects of the bad decisions become unbearable.