Globalization: Who's fault is that?
When the US spearheaded globalization they handed the "keys", lock-stock-and-barrels, to China. Because the US no longer manufactures, the schools, colleges and universities stopped churning out graduates that once provided the backbone and lifeblood to the US manufacturing "might".
The late Steve Jobs summed it all when he had dinner with then US President Obama (original article HERE or HERE):
He called America's lackluster education system an obstacle for Apple, which needed 30,000 industrial engineers to support its on-site factory workers."
"You can't find that many in America to hire," Jobs told the president. "If you could educate these engineers, we could move more manufacturing plants here."
And we all know how much the current and previous "get along".
The US sold the "goose that lay the golden egg" and now it wants it back.
Like with Apple's announcement (opening a manufacturing plant in Texas), I'll wait for the TSMC factory to produce chips (in commercial quantity) before believing.
One last bit, remember this article: A tale of Apple, the iPhone, and overseas manufacturing? China has set a very high "standard" of expectation that no American manufacturing can match: When Apple revamped the design of the iPhone's screen at the last minute, a foreman (one person!) woke up 8000 workers in the middle of the night with nothing but a fookin' biscuit and a cup of tea. Overtime? Nadda. How about a biscuit (only one) and a cup of tea instead? Try doing that sort of stunt in the US and the mighty labor union will be all over you like an itch in places you can't scratch.