There's something off in this thread, which seems to posit that all of this is about Intel moving fab capacity back to the US and away from unreliable places.

That is clearly not the reality: according to https://en.wikipedia.org/wiki/List_of_Intel_manufacturing_si..., 16 of 23 of Intel's fabs are in the US and 6 of the other 7 are in close allies (Ireland, Israel, Germany).

There may be something to be said about what's happened to the rest of the US fab industry, though.