It is.

But if you want to be pedantic it’s both nationalized and private. It depends on whether you’re referring to the military or industry.

When you create these hybrids of business and government, corruption is inevitable.

If I was referring to the military I wouldn't have answered.

Sure. I'm just saying your answer is incorrect. Doesn't matter whether you would or wouldn't of answered. You're completely wrong and you wrote a statement that is utterly false.

Then we already have a semiconductor industrial complex.

No we have a military industrial complex where semiconductors are one small part of industry.

The military-industrial complex is a consequence of privatization. Since the defense industry is 100% private, capitalistic corps with 1 customer, they have no reason to innovate or compete on prices. They can, and do, extort the government for as much money as humanly possible.

That wouldn't be possible if those entities were simply nationalized. But since the gov is a customer, and them a producer, and the gov NEEDS the thing, and only the private sector can give the thing, it's a money bath.

Of course it's really full circle, because while the industry is private it's actually funded entirely by taxpayers. Because the customer is the government. So the corps have a strong incentive to be as inefficient and greedy as possible, and you actually pay for that.