I may be naive, but I think R&D in those cutting-edge sectors is not something you can just throw money at and then get results, you need to create the foundation for it first.
Is there evidence that links more open societies and liberal economies to technological progress?
TSMC isn’t the only thing they need to replace. ASML isn’t either. There’s multiple levels of sole suppliers for chipmaking that nobody can replace. China can’t replicate an mRNA vaccine either.
