Micron Pledges $250 Million to Trump Accounts for Children

Micron Technology, the Boise-based memory chip giant, has committed $250 million to Trump accounts — a new tax-advantaged investment vehicle for children created under last year's tax legislation. President Trump announced the pledge on Truth Social, calling it the largest corporate investment of its kind and crediting CEO Sanjay Mehrotra by name.

The mechanics of Micron's contribution are notably grassroots: the company will run an employee matching program, matching up to $1,000 per child under 18 for its workers, and will make a one-time $250 deposit into accounts for children living in counties where it operates — spanning Idaho, New York, Virginia, California, Colorado, Minnesota, and Texas. The company estimates it could reach up to one million children through the combined effort.

Trump accounts, which open officially on July 4, function similarly to IRAs — deposits grow tax-free, and any child under 18 with a Social Security number is eligible. The administration has been eyeing corporate investment as a way to seed the accounts broadly, with AI companies and SpaceX among those reportedly in discussions. The framework still carries significant operational uncertainties.

Micron's pledge lands as the broader tech industry deepens its alignment with the Trump administration. Seventeen tech CEOs, including Apple's Tim Cook, Nvidia's Jensen Huang, and Elon Musk, joined Trump on a recent trip to China. The Micron announcement also follows a landmark December pledge from Michael Dell and his wife Susan — $6.25 billion earmarked for children under 10 in ZIP codes with median household incomes below $150,000.

Micron itself is riding an AI-driven boom: its memory chips are in heavy demand for large-scale AI infrastructure, and in May the company crossed $1 trillion in market capitalization for the first time.