The White House said Biden had authorized the release of "up to $571.3 million for Department of Defense defense articles and services, as well as military education and training, to provide assistance to Taiwan."
The White House did not elaborate on the military aid package, which comes less than three months after a $567 million package was authorized.
"This step seriously violates China's sovereignty and security interests," said Beijing's foreign ministry, which added that it "strongly opposes this action" and "has made strong objections to the United States at the earliest opportunity."
The country's Taiwan Affairs Office said such action by the US "contradicts its leaders' serious commitments" not to support "Taiwan's independence".
"We demand that the US immediately cease arming Taiwan and treat the Taiwan issue with utmost caution," spokeswoman Zhu Fenglian said.
The United States does not formally recognize Taiwan diplomatically, but it is a strategic ally of the self-governing island and its largest arms supplier.
China, which in recent years has stepped up political and military pressure on Taiwan, has repeatedly called on Washington to stop sending arms and aid to the island, which it claims as part of its territory.
This week, Taiwan received 38 advanced Eibrams battle tanks from the US - reportedly its first new tanks in 30 years. | BGNES