What formula is used to calculate sine in modern computers?
Is Taylor formula
the best? What formulas converge faster, especially out of $2\pi$ range?
There is not one formula. The best known method relies on the values of $\sin 1$, $\sin 0.1$, $\sin 10^{-2}$, $\dots,\sin 10^{-k}$, $\dots,\;$ for a small number of values of $k$, which can easily be calculated with Taylor's formula at any degree of accuracy.
Then the CORDIC algorithm can compute from these data the sine of any real number.
I don't think the chip-makers publish their microcode, but they almost certainly don't use Taylor series. It's more likely that they use either a CORDIC algorithm or an optimized polynomial approximation on some interval.