I wonder how the eventual takeover of Taiwan will be and what will be its repurcussions.
It's a very weird situation, and it entirely depends on the US. If the US protects Taiwan, China won't attack Taiwan for a very long time. But if the US decides they are only going to watch, then China will most definitely invade, but will get stuck in a protracted guerilla war. At the very least, we know Taiwan is unlikely to go down without a fight since the Taiwanese military and political leadership know exactly what fate awaits them if they fall into the CCP's hands.
Xi wants to create a legacy in this third term, before he leaves office. He obviously can't challenge the Japanese over Senkaku yet, since the US's full intervention is guaranteed. China can't challenge Russia yet. So it's either Taiwan or Tawang.
If critical requirements like dependence of chip manufacturing in Taiwan are reduced, then will the US and the world forget about Taiwan thus enabling China to take over Taiwan without firing a shot?
With America's new chip policy, they could end up becoming self-sufficient in chip production, so they are unlikely to make any decisions based on Taiwan's semiconductor industry alone.