<p>➀ The U.S. CHIPS Act aimed to revive leading-edge logic chip manufacturing, driven by both commercial value and geopolitical security concerns over Taiwan's dominance; </p><p>➁ Intel, the primary recipient of funding, failed to achieve timely 2nm (18A) process development due to mismanagement and lack of focus, leading to declining margins and lost foundry opportunities; </p><p>➂ CHIPS Act funds were misallocated to non-critical projects, resulting in a failure to establish advanced U.S. chipmaking capabilities and exposing systemic mismanagement.</p>