Micron CEO Sanjay Mehrotra Announces $250 Million To ‘Trump Account’

India-West News Desk

BOISE, ID – Micron Technology is investing $250 million into the “Trump Accounts” program, a savings initiative for American children under 18 with a Social Security number.

Sanjay Mehrotra, the company’s CEO, emphasized that the firm views this commitment as being just as vital as its technological investments, aiming to support the families and communities where the company operates. “At Micron, we believe investing in people is as important as investing in technology,” Mehrotra said.

The program kicks off on July 4. Micron’s plan includes two main benefits: an employee matching program where they’ll match worker contributions up to $1,000 per child, and a one-time $250 seed deposit for children living in states where Micron has operations, including Idaho, New York, Virginia, California, Colorado, Minnesota, and Texas. The company expects the initiative to reach up to one million children.

President Donald Trump addressed the announcement on Truth Social, calling it “the BIGGEST CORPORATE Investment of its kind.” He stated that the initiative will help millions of children get a head start and build financial security, adding that it serves as proof that his current economic policies are working.

This follows an earlier, major contribution to the program. In December, Dell Technologies founder Michael Dell and his wife, Susan, announced a $6.25 billion donation to the Trump Accounts. Their contribution was specifically targeted at children under 10 living in neighborhoods where the median household income is below $150,000.