Chinese state media outlets and trade institutions have joined a chorus of government voices lambasting a new US law aimed at boosting semiconductor manufacturing on American soil, seen by Beijing as part of a plot by Washington to undermine China’s role in global supply chains. US President Joe Biden on Tuesday signed the bipartisan Chips and Science Act into law to enhance the country’s competitiveness against China. Under the legislation, the US would set aside nearly US$53 billion to fund domestic semiconductor production, a major battleground in the US-China tech war. Subsidy recipients are barred from expanding production in China…