News Analysis China’s top diplomat recently said Taiwan is a “wanderer” that will eventually “come home” to China. Such rhetoric by the Chinese Communist Party (CCP) officials as well as increased Chinese military aircraft incursions near Taiwan in recent months have spiked a new wave of fears and media speculation that a Chinese invasion of the island may not be far away. Some media commentators believe that the tension in Taiwan Strait stands as one of the world’s biggest geopolitical risks in 2022. China claims sovereignty over Taiwan and in the past two years has stepped up threats to take control of the island. Such a move would inflict economic pain on many countries as Taiwan is a crucial hub for the global semiconductor supply chain, according to experts. A Chinese military takeover would cause severe supply shocks across many industries that heavily rely on chips made in Taiwan. Taiwanese companies, …