Micron commits USD 250 million to Trump Accounts for US children

Micron has committed USD 250 million to the Trump Accounts savings scheme for US children. The move deepens corporate backing for the programme ahead of its July 4 launch.

In Short

• Employees can receive matching contributions of up to USD 1,000 per child
• Micron will add a one-time USD 250 seed deposit in its communities
• Trump Accounts cover US children under 18 with Social Security numbers

Micron Technologies, led by chief executive Sanjay Mehrotra, has announced a USD 250 million investment in the Trump Accounts programme, a long-term savings initiative for children in the US. President Donald Trump welcomed the move and called it the biggest corporate investment of its kind.

As part of the initiative, Micron said it would launch an employee matching benefit for contributions of up to USD 1,000 per child under 18. The company will also provide a one-time USD 250 seed deposit for children with Trump Accounts in communities where it operates in Idaho, New York, Virginia, California, Colorado, Minnesota and Texas.

Reacting to the announcement, Trump said on Truth Social on Wednesday, "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 also called it "the BIGGEST CORPORATE Investment of its kind."

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 from July 4.

Micron said it expects its investment to reach up to one million children. "At Micron, we believe investing in people is as important as investing in technology," Mehrotra said. The company said most of the funding would benefit children and families in communities where Micron operates, expanding long-term financial opportunities for the next generation.

Micron said the programme adds to its previously announced investment of more than USD 200 billion in US memory manufacturing and research and development, which it said would create more than 90,000 jobs across the country. In a statement, the company also said it 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 programmes.

Trump said the Micron investment would help "jumpstart the American Dream" for children as the US marks 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! This is exactly what the fabulously successful TRUMP ACCOUNTS were created to do - Give every American Child a headstart, and a real chance to succeed," he said. Trump added, "My Policies are WORKING, and working 'BIG.' Our Country is doing far better than any country, anywhere in the World, and Companies like Micron are proving it every single day."

In December, Michael Dell, founder of Dell, and his wife Susan announced a USD 6.25 billion donation to support Trump Accounts, earmarking the money for children under 10 living in ZIP codes where the median household income was below USD 150,000. With Micron's latest announcement, the programme has received another major corporate backing ahead of its launch on July 4.

With PTI Inputs

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