The CEO said this almost verbatim to Pelosi on her recent trip to Taiwan.
>> When US House Speaker Nancy Pelosi visited Taiwan in August, she met with Morris Chang and Mark Liu, chair of TSMC. Chang told Pelosi that Washington's efforts to rebuild its chip manufacturing were doomed to fail,
Any business anywhere: "Oh, our future competition? Yeah, you should not go with them, they are doomed to fail".
That is standard operating procedure.