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The difference being that Taiwan is a goose that lays golden eggs (TMSC) so you'd be crazy so invade and thereby kill it.

Pretty sure Ukraine had / has nothing that Russia wants to keep alive.

Xi isn’t very bright. Taiwan is also an emotional issue for mainlander China, so the logic will not be fully rational.

If the danger wasn’t real, TSMC wouldn’t be building foundries in the US, Japan, India, and Germany to name a few places.