> not sure this is going to go well for the simple reason that so far, it seems Taiwan, Korean and China will still be pumping out cheaper chips and more of them which will make this plan financially unviable, which really seems to go against everything the USA stands for

Well, in this case it looks like desirable outcome is to make them stop pumping out chips - which is chilling because it would suggest that the course is set, gears are grinding and it's not matter of "if", only "when"