Intel (Fairchild) has the following in their biography:
> By the end of the 1970s they had few new products in the pipeline, and increasingly turned to niche markets with their existing product line, notably "hardened" integrated circuits for military
That's what gave us Intel processors? SpaceX? Google? ChatGPT?
I strongly disagree with your reading of events. (Yes, there was government involvement in the origins of the semiconductor industry, and in the origins of US spaceflight. No, top down government planning is not the only thing that has consistently worked. Having the government seed things and let private businesses run with it has worked pretty well.)