Senate Democratic Leader Chuck Schumer predicted Wednesday that President Donald Trump’s effort to repeal subsidies for semiconductor factories will fail.

President Trump called on lawmakers to repeal the CHIPS Act, but Onondaga County Executive Ryan McMahon assured that the Micron project is still on and the CHIPS Act is locked in.

Trump, touting his recent tariffs levied against countries like Mexico, Canada, and China, suggested companies used the law’s funding for a free handout.

Trump tariffs: 39 cars and trucks built in China and Mexico that are likely to get more expensive The best TV show of the '60s, according to data—and see if your favorite made the top 100 I went to Costa Rica for the first time.

President Donald Trump has called for the repeal of the CHIPS Act, a 2022 bipartisan law that allocated $52.7 billion in subsidies to boost U.S. semiconductor manufacturing. Speaking before Congress on Tuesday,

President Donald Trump called to repeal the 2022 bipartisan law to give $52.7 billion in subsidies for semiconductor chips and rather use the proceeds to reduce debt. "The CHIPS Act is a horrible, horrible thing.