I spent 5 weeks in Taiwan last year. China 100% can take over the country without firing a single bullet. Anything short of the United States president putting two aircraft carrier strike groups between the island and the mainland will not stop China taking over Taiwan in 3 days without firing a single bullet if it wanted to. [0]

The American chip plants require the knowledge and talent of thousands of Taiwanese to work. China can call them home holding their family's hostage if they don't.

China has all leverage and it is terrifying.

[0] https://en.wikipedia.org/wiki/Third_Taiwan_Strait_Crisis