I agree, but I see a big difference between Intel and Nvidia: Intel got complacent/lazy while Nvidia is as hungry as ever for growth/expansion. Jensen plays dirty for sure, but he is 1,000x the CEO compared to any of the Intel ones.
That sounds very practical - until you think a little deeper about nationalization. Once the government starts nationalizing private companies, businesses, or most anything for that matter - you've got a slippery slope for whatever it is they are nationalizing. Nationalization is generally a communist and/or totalitarian activity. Once in which the government has excessive power over the people, and the people are losing or have already lost their liberty and other civil and human rights.
Normally I would agree, but nobody seems to want to be fab owners here. AMD used to, but that got spun off into GloFo in 2008. They are money pits unless backed by tons of capital. No private company has a chance against TSMC with leading edge nodes. The Taiwanese government has a very large incentive to keep it that way. The U.S. government already has its hands in all things national security related, why not rip the band-aid off and play to win? I do not buy the last statement. Our freedom and liberties are being eroded by greed and power and have been for decades. Taking over a few fabs is not going to move that dial in the slightest. Try looking into PLTR if you want a real scare.