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….