Micron commits $250M to Trump Accounts

Micron Technology, a leading U.S. semiconductor manufacturer, has pledged $250 million to support a federal children's savings program known as Trump Accounts, marking what officials have called the largest corporate investment of its kind. The announcement was made on July 1, with the program set to open for contributions on July 4.

The initiative is expected to benefit up to one million children. Micron will provide a dollar-for-dollar match for employee contributions of up to $1,000 per child under 18. Additionally, the company will fund a one-time $250 seed deposit for eligible children in communities where it operates, including Idaho, New York, Virginia, California, Colorado, Minnesota, and Texas.

In a statement, Micron CEO Sanjay Mehrotra said the company believes investing in people is as important as investing in technology. He expressed appreciation for the establishment of the accounts, which provide a way to support families planning for the future. Treasury Secretary Scott Bessent welcomed the move, calling it encouraging to see leading companies support the effort.

President Donald Trump praised the investment in a post on Truth Social, calling it an incredible...