When President Biden visits a microchip factory under construction in Arizona on Tuesday, it might look like a political victory lap: The factory will bring $12 billion and thousands of jobs to an important swing state that just elected a Democratic governor and senator.In a parallel move, in October, the Commerce Department banned the export of leading-edge chips used in military applications as well as advanced chipmaking tools.That kind of power, wielded by a regime defined by its dystopian surveillance systems and the violent repression of a cultural minority, is a frightening specter.Some argue that the White House’s aggressive actions risk what could have been a permanent U.S. economic advantage by forcing China to develop its own chipmaking capabilities that may eventually surpass our own.Now, as the beginnings of comprehensive semiconductor strategy come into view, it looks"