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While the CHIPS act was started under Biden, it was completely different from what is being done now. It was about developing a domestic source of semiconductors as a hedge against Taiwan being invaded and was done cooperatively with the Taiwanese with mutual benefits. The Taiwanese still owned the manufacturing here, so they would still benefit if the Chinese came invaded. Biden was doing what was smart to do and also had benefits for other countries, including EU allies, since everyone knows those plants in Taiwan are rigged to blow at the first hint of invasion..
Trump has removed the benefits and added tariffs and threats. He didn't steal the policy. He inherited it and then changed it to be something evil.
So like in summary:
Biden Strategy: Bring taiwan companies to US as a redundancy and supply chain contingency.
Trump Strategy: Demand shit from Taiwan and threaten them when they fail to meet goals.
Like the trump strategy only incentivizes Taiwan to pursue a diplomatic solution with China.
The plants are rigged to blow in an invasion? That is smart. Iraq did that in the first persian gulf war, he blew the oil fields the Americans were seizing. We all expected him to do that in the Iraq war, but for whatever reasons they never did. He might as well have.
But that would be such a massive loss of investment, and probably a real disincentive to invasion, those factories are not something that can be replaced in one year. Especially with all the specialized machines, where there are only one manufacturer of.
I clearly don't know it for a fact that TSMC has done that, but the idea is a widely talked about strategy for protection. U.S. politicians even talk openly to the press about us blowing up the fabs if Taiwan doesn't.