The fact that AMD did create a fab in the US is excellent news - it makes the world far less vulnerable to a Chinese attack on Taiwan.
All the big chip manufacturers should create fabs around the world.
If China actually tries to invade Taiwan, they can blow up their factories there, so they can't get their hands on the technology.
https://www.techspot.com/news/108791-amd-ceo-lisa-su-us-made-tsmc-chips.html