Key facts
- Micron Technology is investing $250 million in Trump Accounts.
- The initiative aims to support up to one million children and families.
- Employees will receive a matching benefit of up to $1,000 per child.
- Micron will provide a $250 seed deposit for eligible children in its operating communities.
- Trump Accounts are invested in low-fee U.S. index funds.
Micron Technology has announced a $250 million investment to expand long-term savings opportunities for children and families through "Trump Accounts," also known as 530A Accounts. This initiative, launched in honor of America's 250th anniversary, aims to support up to one million children.
The program includes an employee matching benefit, where Micron will match employee 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, including locations in Idaho, New York, Virginia, California, Colorado, Minnesota, and Texas.
Micron's investment is described as the largest corporate commitment of its kind and is intended to benefit children and families in communities where the company has a presence, thereby expanding financial opportunities for the next generation. These accounts are invested in eligible low-fee U.S. index funds.
This initiative complements Micron's existing investments exceeding $200 billion in U.S. memory manufacturing and research and development, which have created over 90,000 jobs. Micron's leadership, including Chairman, President, and CEO Sanjay Mehrotra, views this as a commitment to investing in people and technology to foster future opportunity and U.S. semiconductor leadership.
U.S. Treasury Secretary Scott Bessent praised the initiative, calling Trump Accounts a transformative policy that helps unlock the American Dream. Michael Dell, Chairman and CEO of Dell Technologies, and Brad Gerstner, Founder and Chairman of Invest America, also expressed support, highlighting the program's role in reconnecting children with the American Dream by making them shareholders in companies.