Intel has been trying to get itself into that position for years, with huge amounts of public money being pumped in, and it is struggling so badly the company lost patience and fired the CEO who had the best chance of getting this done. And, as others have said, it doesn’t look like TSMC is about to let its US fabs do the most advanced stuff even if they could.

So this move will just make the best technology less accessible to the USA and tech products more expensive for Americans, for the foreseeable future.