He's obviously just pandering for subsidies, but that doesn't mean he's wrong. It's not just chips though, a lot of raw materials are involved which China has been scooping up while the US sits around with our thumbs up our butt.
Pat isn't just pandering for subsidies, this is a national security threat and has been. We've let capitalism run wild at the risk of our own defense. We've given entire manufacturing processes away to a communist dictatorship all for a few points of margin. Those processes happen to be the things that will drive our world in the next couple decades.
Governments MUST pony up dollars to continue having an edge. All companies in China are owned by the government and they don't have any pesky margin to worry about. The only way to be on equal footing is to have this treated as a defense project, which it is.
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