Micron $MU Technology is committing $250 million to Trump Accounts, the government's new tax-deferred investment program for children, in what the company said Tuesday is the largest corporate pledge to the initiative so far.
The chipmaker says the pledge, which includes employee matching and community seed deposits, is the largest corporate commitment to the program
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Micron $MU Technology is committing $250 million to Trump Accounts, the government's new tax-deferred investment program for children, in what the company said Tuesday is the largest corporate pledge to the initiative so far.
Under the two-part pledge, workers can receive a dollar-for-dollar match on contributions of up to $1,000 for each child they have under 18, while a separate one-time deposit of $250 will go to qualifying children in states where Micron has a footprint — among them Idaho, New York, Virginia, California, Colorado, Minnesota, and Texas. Micron estimates the initiative could reach as many as one million children in total, with a concentration of resources flowing to the states and localities where its operations are largest.
"This investment is about helping children build a strong foundation for future opportunity while supporting the workforce and communities that will shape U.S. semiconductor leadership," CEO Sanjay Mehrotra said in a statement. "We appreciate President Trump and Secretary Bessent for establishing these accounts, which give Micron another meaningful way to support children and families as they plan for the future."
The announcement comes ahead of July 4, when Trump Accounts are set to open for contributions.
Trump Accounts were established under the One Big Beautiful Bill Act and are structured as tax-deferred investment accounts. The federal government provides a $1,000 seed deposit for U.S. citizen children born between Jan. 1, 2025, and Dec. 31, 2028, who have a Social Security number. All children with a Social Security number are eligible to hold an account. Annual after-tax contributions from parents, guardians, and others are capped at $5,000, and employers may make pretax deposits of up to $2,500 per year on behalf of workers' children. Account assets must be held in U.S. stock index funds with annual fees of no more than 0.1% until the child turns 18.
The program has attracted pledges from several large employers, including Nvidia $NVDA, Goldman Sachs $GS, and Uber $UBER, to match the Treasury's $1,000 seed contribution for their workers' children. Bank of New York Mellon $BK has been designated as financial agent to manage the initial accounts, with Robinhood serving as the program's brokerage and initial trustee. The two firms are developing a white-label app owned and controlled by Treasury.
Separately, the chipmaker has committed hundreds of millions of dollars toward broadening semiconductor and AI education programs across the country, a push that sits alongside what Micron says is more than $200 billion in domestic manufacturing and R&D spending it has already pledged.
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