Micron Technology to Invest $250 Million in Trump Accounts

Chip manufacturer Micron Technology is committing $250 million to Trump Accounts, the company said on July 1.Micron will match employee contributes up to $1,000 per child under 18. It will also issue a one-time $250 seed deposit for eligible children in the states where the major semiconductor manufacturer operates, including California, New York, Texas, and Virginia.The pledge is expected to support up to one million children.“We appreciate President Trump and [Treasury] Secretary Bessent for establishing these accounts, which give Micron another meaningful way to support children and families as they plan for the future,” Micron CEO Sanjay Mehrotra said in a statement.During what market watchers call the “RAMpocaylpse,” shares of Micron Technology have rocketed this year, surging more than 200 percent. Micro’s market cap topped $1 trillion for the first time in May, fueled by enormous demand for artificial intelligence-related computer memory and data storage products.A blockbuster earnings report also curbed fears that the AI-fueled boom is waning.“There was no change in fundamentals—if anything, Micron made us feel even better about things,” Paul Meeks, head of technology research at Freedom Capital Markets, told The Epoch Times in an emailed note.The global economy is facing a memory chip shortage as data centers require a significant number of semiconductors—including analog, foundational, logic, and memory chips.Micron shares slipped almost 10 percent during the midweek trading session.‘Real Financial Security’In a July 1 Truth Social post, President Donald Trump said that Micron’s move will “make many children extremely happy some day in the not-too-distant future.”“This is the biggest corporate investment of its kind, and will help jumpstart the American Dream for these fabulous children as we celebrate America’s 250th anniversary,” Trump said. “This massive investment will help millions of American children and families get a strong start in life, and give them real Financial Security.”The announcement comes ahead of Trump Accounts—also known as 530A Accounts—becoming open for contributions on the Fourth of July.Established under last year’s One Big Beautiful Bill Act, Trump Accounts are tax‑deferred investment accounts.Eligible U.S. children born between 2025 and 2028 receive a $1,000 federal seed deposit, and any child with a Social Security number can hold an account. Families can contribute up to $5,000 after tax each year, while employers may add up to $2,500 pretax. Until age 18, the money must stay in low‑fee U.S. stock index funds.Scores of U.S. companies and philanthropists have pledged to make contributions to these accounts.Treasury Secretary Scott Bessent speaks during the Trump Accounts summit at the Andrew W. Mellon Auditorium in Washington on Jan. 28, 2026. Madalina Kilroy/The Epoch TimesTech billionaire Michael Dell and his wife, Susan, have pledged $6.25 billion to provide a $250 deposit to children born between 2016 and 2024 who do not qualify for the federal $1,000 seed money. The benefit applies to kids living in ZIP codes with a median income of $150,000 or less.“It is encouraging to see our nation’s leading companies, including Micron, supporting this effort by stepping up to help children in the communities and offering matching contributions for their employees,” Treasury Secretary Scott Bessent said in a statement.The administration is already expanding the program by making these savings and investment vehicles available for children in foster care.Estimates from the Council of Economic Advisors suggest that children born in 2026 could receive more than $300,000 by age 18 if maximum contributions are made. If no contributions are made, they could have almost $6,000 in these accounts.The Treasury Department rolled out Trump Accounts on app stores nationwide in May.