_leading-edge chip manufacturing_ must be seen like "defence": making money out of it is optional, but it has to stay _really_ leading-edge and should be ready to produce at scale for other failing "friendly" part of the world. Since South-Korea and Taiwan did just that, and the others not, they are now alone on the global market.

To believe the "supply/demand" rule of the economy can magically make the money flow decently and properly is _REALLY_ dangerous, it cannot apply to everything.