

Nah. I get it, but no.
We have people here who can do this work
This is the one thing you keep missing. We don’t have people here who can do the work. Straight up. All the big players send their engineers to learn from TSMC for a reason. Of all the labor, of all the capital, these people are the exceptions to every rule.
Capitalists went to extreme lengths to win the nuclear arms race. They will go to the same lengths to keep winning the digital arms race too. These engineers will never be billionaires on their brains alone - because you’re right, they do not own the capital - but they do have a significantly higher value than any other laborers in the eyes of capitalists and therefore will never be deported to a rival.
For the same reason the world believes it - because its true. They are the cutting edge. Other engineers can take over in the same way that other scientists could have taken over the Apollo program. It’s possible, but it takes time, money, effort, and luck, and in the meantime the other nation(s) will land on the moon first.
All of the other companies are actively trying to beat TSMC and losing. Computer chips are the rocket engines of the digital age.