> Uh, yes it will. Taiwan is dominate in microchips and nobody else comes close (we regulated our microchip industry to death). <
True. But then such things tend to reach an equilibrium. If the ChiComs take Taiwan, they will dominate the microchip industry. But then other factories will spring up elsewhere.
The problem will be the lag time. It could be significant. So, yes. Your concern is warranted.