Washington DC: 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.
As part of the initiative, Micron will 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 added that most of the funding would benefit children and families in communities where it 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. 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 investment would help “jumpstart the American Dream” for children as the US marks the 250th anniversary of its independence. He 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. With Micron’s latest announcement, the programme has received another major corporate backing ahead of its launch on July 4.
