The US has several unsavory cards up it's sleeve that would allow it to be competitive with eastern chip making countries if it's people are willing to hold their noses.

1. We have a constant supply of immagrants from South America looking for work and are willing to work for cheap. Even if chip creation factories don't hire them directly their presence alone will drive wage demands down. This is only possible by expanding green card access. Make it simple to enter the US if you promise to find a job.

2. The US dollar is the world's reserve currency. This makes it very very easy to loan out cheap money for building.

3. The US has the wealth to cut taxes on chip production and factory creation to zero if it so chooses.

4. The US has the number 1 internal market demand for chips. Companies can make class leading profits selling to the North American markets only. Abroad sales are not a requirement for success.