The Biden administration is actually trying to bring together multiple narratives. I think the CHIPS Act and also the Inflation Reduction Act both have this element. It's got a very strong resilience aspect to the narrative of not wanting to rely on semiconductors being manufactured 90% in Taiwan, which may be subject to invasion. So that really combines a geoeconomic narrative of wanting to invest in cutting edge technologies against global competition.
It was supposed to boost prosperity and democracy at the same time. What really happened? According to the legal scholar Anthea Roberts, it depends which story you believe.