Two years after he helped orchestrate the CHIPS and Science Act, U.S. Senate Majority Leader Chuck Schumer on Monday said he’s confident the legislation will remain intact despite the changes of power coming to the White House and Congress.

“The CHIPS Act has always been bipartisan so I believe it will certainly survive,” Schumer told reporters at an event highlighting toxic algae blooms in Penn Yan, New York.

Schumer reiterated that he was the lead sponsor of the landmark legislation with U.S. Sen. Todd Young, a Republican of Ohio. The legislation passed in 2022 with numerous Republican votes, including Senate Minority Leader Mitch McConnell and 24 House Republicans.

The law became a bit of a political lightning rod in the last days of the 2024 campaign, particularly in Central New York, where the law was instrumental in semiconductor manufacturer Micron’s decision to invest billions of dollars in Central New York over the next 20 years and build a chip manufacturing facility in the town of Clay. In campaigning for incumbent Republican Rep. Brandon Williams, whose district will be home to the future facility, House Speaker Mike Johnson initially told reporters that he would expect a GOP majority “probably will” repeal the CHIPS Act before walking back those comments and saying he fully supports Micron coming to the region and that the CHIPS Act “is not on the agenda for repeal.”

“CHIPS is here to stay. Micron is here to stay,” Schumer said Monday.

Schumer added that Micron should finish signing off on its agreement to the region before Dec. 31 “so those dollars will be locked in.”

With the Republicans regaining control of the U.S. Senate, Schumer’s four-year tenure as majority leader will end in January and he said would work in a bipartisan nature in the coming years should he be chosen to remain leading the Democratic conference in the chamber.

“Many of the things I got done for New York were done when I was minority leader by working with the other side of the aisle so I’m going to continue to do that and I believe I will be able to get lots of help for New York,” he said.

Schumer was asked about President-elect Trump’s intention to nominate fellow New Yorker, Republican U.S. Rep. Elise Stefanik, to be his ambassador to the United Nations but said he would have no comment until there are official appointments.