China claims CHIPS and US Science Act will disrupt international trade, distort global semiconductor supply chain China on Wednesday criticized a US law aimed at encouraging chip production in the United States and reducing its reliance on Asian suppliers as a threat to trade and an attack. into Chinese enterprises. The bill, signed by President Joe Biden this week, promises $52 billion in subsidies and other aid to investors in US chip factories. It responded in part to warnings that supply could be disrupted if China attacked Taiwan, which produces up to 90% of high-end chips. China’s ruling Communist Party…