That's great if they will be making chips. But a chip is as good as a coaster or a back scratcher (if it has pins) if you don't have all supporting components.
And there is a great shortage of microcontrollers that don't need a fancy 5nm fab. They are made using 40nm and older processes.
Many smaller businesses had to close because they just can't get parts for their products and the bigger corporations even resort to buying home appliances to strip them off components.