Stopping american influence
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Money, power, influence, prestige
China considers taiwan a part of its country. If china is able to capture and integrate taiwan into it then it will show that china has become a superpower. If china can capture taiwan then it will show USA and west that china is not a paper tiger.
Taiwan is a single point of failure for chip manufacturing in the world I don't think annexation would destroy all the chip fabs I think they would still exist and they would be Chinese
The lithography machines could easily be reverse engineered.... Mechanically..... Only to find out just how complex the rest of the system is just to get it to even work making crap level chips much less anything respectable near the 3nm level. That would be hilarious. Like when the US left a bunch of helicopters and one of the revel factions got a hold of them...yey! We got the helicopters! Only to find out the helicopters aren't the thing that holds power. Barking up the wrong tree.
Extreme disdain for democracy. Some psychopaths want to bring us back before the age of enlightement, while using enlightement or (especially in case of China) post-enlightement ideas to do so, because we citizens are all like badly behaving 12 year olds, who need 24 hour supervision on every day on the week, every month of the year, or we might "go insane" from doing something a psychopathic madman does not want us.
Street cred.
it's like Spain wanting Catalonia to be under control. Why would Spain want to lose control of a part of their own country?
lemmitors: They hate Taiwan for their freedom!