It's odd but comments like yours would normally elicit something like anger, now elicit sadness. Why do you take this tone? Why do you willfully misunderstand my point? Why not take a charitable view?
I'd be happy if even half of that money actually went into a fab, and only half was wasted on lawyers, fees, studies, and wherever else free money manages to go rather than to actually building things. The timeline doesn't matter, nor does the fraction of on-shore chips made. You created those measurements out of thin air.
I took a very charitable take of your comment, that at best can be interpreted as “this policy was completely useless” when the evidence is staring you in the face. TSMC was clearly motivated by CHIPS to build fabs in the US for dozens of billions and pocketed a fraction of that as a handout. The fact that I’m writing this obvious information down is charitable.
I'd be happy if even half of that money actually went into a fab, and only half was wasted on lawyers, fees, studies, and wherever else free money manages to go rather than to actually building things. The timeline doesn't matter, nor does the fraction of on-shore chips made. You created those measurements out of thin air.