No, it will not happen it's just saber rattling by China because so many companies have left China and gone to Taiwan.
Taiwan is no easy target to take over, all males over 18 years old must do two years of Military service. I am not sure if that has changed but it was like that the last time I checked. Also Taiwanese are some of the most disciplined and patriotic people in the world.
The second problem for China is that Taiwan is armed to the teeth with surface to air missile systems and coastal defense systems. They have been planning for this scenario for several decades. The third problem is that China has no real method of getting sufficient troops to Taiwan in a timely manor. I mean yeah they could try but its pretty easy to sink a container ship. Fourth is that the Chinese military has never won a war and their troops are renowned for fleeing when things get hairy.
The main reason it won't happen is because Taiwan has a shield against Invasion. It's called TSMC
TSMC is the largest semiconductor company in the world and they make the most advanced chips in the world.
America may design an advanced chip but the only place on the planet that can build them is TSMC.
The US military heavily depends on TSMC for chips in almost all or our planes, ships and subs cutting edge technology. Simply put TSMC is considered an essential Asset of the highest magnitude, one that the US military will never let China have or destroy.
Let me put it to you this way. The last war China fought was in the Late 1970s against Vietnam. (Yes Vietnam!) During this Land locked battle the Chinese sent in over 600,000 troops and 7000 Tanks into Vietnam.
They timed this attack because the main Vietnames army was tied up fighting a major war in Cambodia
The Chinese were so poorly trained and had such little motivation that the Vietnamese reserve army where able to
drive back the Chinese in two weeks killing about 20,000 of them in the process.