Morris Chang tried to get funding for in the US to create a fabrication plant.
No one thought his model would work where they’d fabricate the chip for the client based on the client’s design. Intel thought that design had to be connected to manufacturing.
Taiwanese government supported him to start TSMC there. They were left alone without US regulatory meddling and creating the most advanced methods in the world.
Morris Chang never thought for one moment that Taiwan is to close to China for Tawain to be make so much of the world’s semiconductors? It doesn’t pass the laugh test. Really high IQ people can lack simple common sense.