The federal government is already subsiding the semiconductor industry. You don't remember Biden signing the $280 billion tech and science bill back in August? That's a hell of alot more than the $33 billion that went to the farmers.
"Intel had previously delayed the plant’s July groundbreaking ceremony because its plans largely relied “on funding from the CHIPS Act,” which Congress had yet to pass. But after a summer of negotiations, Biden signed the $280 billion tech and science bill last month, calling it “a once in a generation investment in America itself.”
President Joe Biden speaks after groundbreaking for Intel’s $20 billion semiconductor plant