I've lived in Taiwan for a large part of my life.
They would lose all of TSMC if they do any military actions. It's not the fact that the CCP thinks that they can make Taiwan and China a country, it's the the fact that most of China does in fact consider them as one country. Taiwan is ready to defend themselves, but are very happy keeping their relationship with China the way it is.
What are you gonna do the day they don't need tsmc anymore
Isn't there some kind of "if you invade us we bomb our strategic factories" strategy? Like "if we can't have them, nobody can"?
As a resident of Taiwan, would you say the average person there is comfortable obeying a strong central government, whoever that currently is?
As an American, I found the deference to authority very strange.
My bet would be that invasion wouldn't look like quick war, but slow control of political power either through light force like economic blackmail, or through something similar to what US did with Venezuela.
Now that US has already opened the gate to labelling nation head as drug seller, this just eases things for China.
"Very happy" is a bit of a stretch, since a significant proportion of Taiwan would prefer to jettison the current pretence of being "One China" and become fully independent.
But I agree that pretty much everybody will happily take the status quo over armed invasion.