> the more companies cutting ties with China, make it easier for both China and US to have Military conflict on Taiwan
The coefficient of trade and belligerence is about 0.2, i.e. "a doubling of trade on average leads to a 20% diminution of belligerence" [1]. And trade with China continues to grow [2]. I wouldn't read the semiconductor re-shoring as materially changing the odds of a war per se.