The story is not anywhere near that straightforward for semiconduction fabrication. A huge portion of that fabrication, for example, just moved out of california to other places in the US. Also there's been a general consolodation of fabrication plants over time as more and more advanced nodes put the price of a plant up by orders of magnitudes. There just isn't enough money for the same number of fabs at the bleeding edge. Also, intel are still US based manufacturing and they have only quite recently been toppled from the throne of most advanced process. They have simply lost to the advancement of overseas tech companies (generally it seems because they made a bad bet on their strategy for further shrinks to their process), nothing to do with US companies outsourcing overseas.
> There just isn't enough money for the same number of fabs at the bleeding edge.
There definitely is but it will come at the cost of share buy backs and keeping share price up which affects compensation of management. Failure to keep the share price up by investing in manufacturing in US will also invite predatory share holders to topple the management. The cult of "free" markets driving wealth growth at the top of the society seems to have trumped strategic common sense.
