Hold on there is a lot going on here. Biden used the CHIPS act as a centerpiece in what he has done to improve our economy at one point. Biden's dog and pony show made it sound like he was opening new semiconductor markets for America, the reality is this went to well established company, Intel.

https://newsroom.intel.com/corporate/intel-chips-act "...Intel, Biden-Harris Administration Finalize $7.86 Billion Funding Award Under US CHIPS Act..The U.S. Department of Commerce has awarded Intel up to $7.86 billion in direct funding through the U.S. CHIPS and Science Act to advance Intel’s commercial semiconductor manufacturing and advanced packaging projects in Arizona, New Mexico, Ohio and Oregon. This direct funding is in addition to the $3 billion contract awarded to Intel for the Secure Enclave program that is designed to expand trusted manufacturing of leading-edge semiconductors for the U.S. government. Today’s award, coupled with a 25% investment tax credit, will support Intel’s plans to invest more than $100 billion in the U.S. As previously announced, Intel’s planned U.S. investments, including projects beyond those supported by CHIPS, support more than 10,000 company jobs, nearly 20,000 construction jobs, and more than 50,000 indirect jobs with suppliers and supporting industries..."

This is very much a Libertarian talking point. If the government can stick to protecting our borders and freedom of speech. They have no business in meddling in free enterprise.

A 100 billion American Tax dollars are committed to a successful business to incentivize what exactly. How would this have created a semiconductor market in America? It seems like we were paying for an American Company to bring manufacturing back to America.

And now we are discussing taking over the entire company because the CEO has ties to Chinese companies. What law exactly would that be breaking. A private citizen can invest their money in all kinds of foreign investments. Outside of tax ramifications with a few exception that is all very legal.

Biden was wrong and Trump is wrong. Do we have no leadership in this country on either side? Oh side note... you all should look at the cutbacks Intel did within the year they got their first injection of almost 8 billion American Tax dollars. Intel is not the good guy either. As a matter of fact there are only losers. The biggest one is the American People.