China on Wednesday criticized a US legislation to encourage processor chip manufacturing in the US and cut back reliance on Asian suppliers as a menace to commerce and an assault on Chinese language enterprise. The legislation signed this week by President Joe Biden guarantees $52 billion (roughly Rs. 4,11,300 crore) in grants and different assist to traders in US chip factories. It responds partially to warnings that provides could be disrupted if China assaults Taiwan, which produces as much as 90 % of high-end chips. China's ruling Communist Celebration claims the self-ruled island as a part of its territory.The measure…