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https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
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Thing is, that would only bring them to parity for the current gen, which they would instantly fall behind on having to start everything up again and train or force people into running the modern nodes.
These fabs (and pretty much ALL fabs) depend on tech to run their processes and make their chips, which isn't made in Taiwan.
If they do it for the silicon, they'll also need to take a good chunk of West Europe.
Would it set the West back a bit? Yes, but not all that much. There are non Eastern fabs up to date and the people in Taiwan trained to operate bulk fabs are probably on a shortlist for extraction targets too.