Micron commits $250 million to Trump Accounts program
Micron Technology, led by CEO Sanjay Mehrotra, has announced a $250 million investment in the Trump Accounts program, a long-term savings initiative for American children. The move was welcomed by President Donald Trump, who called it 'the BIGGEST CORPORATE Investment of its kind.'
Details of the investment
As part of the initiative, Micron will launch an employee matching benefit for contributions up to $1,000 per child under 18. Additionally, the company will provide a one-time $250 seed deposit for children with Trump Accounts in communities where Micron operates: Idaho, New York, Virginia, California, Colorado, Minnesota, and Texas. The company expects to reach up to one million children with its investment.
Trump Accounts program
A Trump Account can be opened for any American child under 18 with a Social Security number. Individuals, employers, and others can deposit money into the accounts, which grow tax-free like individual retirement accounts. The accounts will be available starting July 4.
Reactions from President Trump
Trump said on Truth Social: 'This incredible gesture, made by Micron’s fantastic CEO, Sanjay Mehrotra, will make many children extremely happy someday in the not too distant future.' He added that the investment will help jumpstart the American Dream for these children as the US celebrates the 250th anniversary of its independence. 'This MASSIVE Investment will help MILLIONS of American children and families get a strong start in life, and give them REAL Financial Security. Micron is investing directly in the American Worker and Family!'
Micron's broader US investments
The program complements Micron’s previously announced investment of over $200 billion in US memory manufacturing and R&D, creating over 90,000 jobs across the country. In addition, Micron is investing hundreds of millions of dollars across the US to expand access to semiconductor careers through K-12 STEM education, semiconductor curriculum development, AI education, community college and university partnerships, registered apprenticeships, and other workforce programs.
Mehrotra's statement
'At Micron, we believe investing in people is as important as investing in technology,' Mehrotra said. Most of the funding will benefit children and families in communities where Micron operates, expanding long-term financial opportunities for the next generation.
Previous major donation
In December, Michael Dell, founder of Dell Technologies, and his wife Susan announced a $6.25 billion donation to support Trump Accounts, earmarked for children under 10 living in ZIP codes where the median household income was below $150,000.
