Micron Technology is putting $250 million into Trump Accounts, the government’s new savings scheme for American children, days before the program opens for contributions on July 4. President Donald Trump called it the “biggest corporate investment of its kind,” praising CEO Sanjay Mehrotra on Truth Social for a move he says will make “millions of children extremely happy” someday. The chipmaker’s pledge follows a much larger $6.25 billion donation from Michael and Susan Dell back in December, and signals that corporate America’s courtship of the Trump administration now extends well beyond factory announcements and White House dinners.
What Micron is actually putting donating to Trump Accounts
The $250 million breaks into two parts. Micron will match employee contributions dollar-for-dollar, up to $1,000 per child under 18, for workers who want to fund their kids’ accounts. Separately, the company will drop a one-time $250 seed deposit into accounts for children living in counties where Micron has operations, spanning Idaho, New York, Virginia, California, Colorado, Minnesota, and Texas. Put together, Micron expects the program to reach up to a million children, with the bulk of the money flowing into communities near its plants and offices.Mehrotra framed it as an extension of the company’s existing US footprint. “This investment is about helping children build a strong foundation for future opportunity while supporting the workforce and communities that will shape US semiconductor leadership,” he said in a statement, thanking Trump and Treasury Secretary Scott Bessent for setting up the accounts in the first place.
How Trump Accounts work and who else has signed on
Trump Accounts were created under last year’s tax bill and function like a hybrid of a custodial account and an IRA. Any US citizen child born between January 1, 2025 and December 31, 2028 with a Social Security number gets a one-time $1,000 seed deposit from the federal government. Parents, guardians, and others can add up to $5,000 a year, and employers can chip in pretax contributions of up to $2,500 per employee annually. The money has to sit in low-cost US stock index funds until the child turns 18, at which point the account starts behaving like a traditional IRA, complete with penalties for early withdrawal.Micron isn’t the only company writing checks. Nvidia, Goldman Sachs, and Uber have all pledged to match the government’s $1,000 seed contribution for employees’ children. Bank of New York Mellon is handling the accounts as financial agent, while Robinhood is serving as brokerage and initial trustee, and the two are building a white-label app for Treasury.
A pledge that lands alongside Micron’s bigger US bet
The Trump Accounts commitment sits on top of Micron’s existing promise to invest more than $200 billion in US memory manufacturing and R&D, a build-out the company says will create over 90,000 jobs. It’s also throwing hundreds of millions more at semiconductor and AI education programs, from K-12 STEM curricula to community college partnerships and apprenticeships.The timing isn’t incidental. Micron’s announcement lands right as the tech industry has been visibly cozying up to the White House, from CEOs joining Trump’s China trip to companies lining up behind pet initiatives like the Trump Accounts and the new White House ballroom. For Micron, a company that just crossed the $1 trillion market cap mark in May on the back of the AI boom, $250 million is a rounding error with outsized political payoff.