[brendoelfrendo]

Yes, my alma mater has a nanofabrication lab on campus: https://www.rit.edu/facilities/semiconductor-nanofabrication...

They are even able to work with external clients to sell the chips they make.

ASML, that one Dutch company, is the only manufacturer of EUV photolithography machines, which are required to produce the cutting-edge of chips. There are plenty of chips that aren't cutting-edge, though, and plenty of reason to produce them in both academic and commercial settings.