I agree with the sentiment, and America should be taking care of its teachers first. But thst doesn't make this move a bad idea. America needs to figure out where its jobs that drive trade come from in the next 30 years. Manufacturing is dead, no one wants American products, and American dominance of software is coming to a close.
This is to try and build an industry for chip manufacturing in America, rather than let China have it, it's much more profitable for Intel to just build their next fab in China.
I wonder if they're gonna switch their bullshit process node naming scheme to picometers when they run out of angstroms, or if they're going to finally admit that the process name hasn't correlated with transistor size for a long time.