This is just political posturing, the real issue according to all official statements by the involved parties is a lack of skilled local labor, see TMSC in Arizona:

https://www.constructiondive.com/news/labor-shortages-delay-...

It may be relevant that the functional literacy rate in Arizona is only about 75% of the working-age population, as compared to Taiwan, where the literacy rate is 99%.

Investing in improving the quality of American public education is not something that the the political activists who wrote this article ("Strive Asset Management, an anti-activism fund company co-founded by Republican presidential hopeful Vivek Ramaswamy" - Bloomberg) are interested in, so they are silent on the central issue - high-tech manufacturing requires educated skilled labor.

Taxing all businesses and then handing the money to majority-owned businesses makes minority-owned businesses poorer. It's pretty hypocritical to complain about how unfair the strings are on the free money you were unfairly handed.