[Kognito]

Not to say you’re wrong, but “TSMC seeks $15 billion in US subsidies for Arizona chip plant”[1] and the fact they may get a sizeable share of the EU’s $46 billion subsidy pot [2], suggests that this is just the sort of money that governments are willing to spend to secure access to one of the 21st century’s most critical resources.

If anything, given China will not have access to ASML’s latest tech and will need to develop much of the tech itself, the $30 billion seems a bit low for a whole “network” of fabs.

[1] https://finance.yahoo.com/news/tsmc-seeks-15b-subsidies-want...

[2] https://www.reuters.com/technology/tsmc-feeling-good-about-p...