China Claims US CHIPS And Science Act Will Disrupt International Trade, Distort Global Semiconductor Supply Chains China on Wednesday criticized a US legislation to encourage processor chip manufacturing within the United States and scale back reliance on Asian suppliers as a risk to commerce and an assault on Chinese enterprise. The legislation signed this week by President Joe Biden guarantees $52 billion (roughly Rs. 4,11,300 crore) in grants and different help to buyers in US chip factories. It responds partly to warnings that provides may be disrupted if China assaults Taiwan, which produces as much as 90 p.c of high-end...