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During a workout in 2019 in the Senate gym, he began forming a plan with Senator Todd Young, Republican of Indiana, to bolster the U.S. economy by dedicating over $100 billion to technology research.
Source: https://www.nytimes.com/2023/08/06/business/economy/schumer-new-york-chips-funds.html
The push is supported by Senator Todd Young, a Republican from Indiana, who was a co-author on the CHIPS Act and has been a leading voice on increasing funds for tech hubs.
Source: https://www.nytimes.com/2023/08/06/technology/indiana-chips-act.html