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Send the US navy to blockade the strait and finalise the sale of the billions of dollars worth of weapons already waiting on the island for exactly that purpose
That's a joke, right? Taiwan is literally about 90 miles away from mainland China. The USA could park every ship we have and that still wouldn't work. If China wants Taiwan, then they will get it even if Taiwan is largely destroyed doing it.
The USA already prevents the Chinese from getting the top processors from Taiwan, so blowing up the factory will hurt the USA much more than China. Not to mention kneecap Musk and the tech bros that have been supporting Trump.
There has been work to replicate the capabilities in Taiwan on US soil. While it hasn't been going great, it has been progressing. At some point it is quite possible that Taiwan will no longer be as strategic a partner with America as they are now, which doesn't bode well for their continued assistance from America. But if there comes a time that China will take Taiwan you can be guaranteed that everything possible will be done to reduce the risk of technology transfer.
But you have to factor in deliberate effort already to eliminate the CHIPS act by Congress. I'm sure it will get the axe in the new administration.
The rush had been increased because of the efforts Western governments like the USA have made to prevent China from getting the chips from Taiwan, that encourages the Chinese to develop their own capacity but also eliminated the hit they would take if processor production in Taiwan was crippled by conflict.
The actual ace in the hole protecting Taiwan is the fact that the Chinese want the Taiwanese to join willingly, but if the Chinese economy has continued trouble than Xi will be under pressure to demonstrate strength and that is where they could make a move on Taiwan.