Micron pledges $250 million to Trump Accounts for children

Micron Technology said Tuesday it would put $250 million into Trump Accounts, the administration’s new child investment program, in a move the company cast as both an anniversary gesture and a national savings push. The pledge arrives as the federal government prepares to open the accounts for contributions on July 4, 2026, giving a private company a prominent role in a program created by Washington.

The Boise, Idaho-based chip maker said the money would honor America’s 250th anniversary and could support up to one million children. Micron said it will add an employee matching benefit of up to $1,000 per child under 18 and provide a one-time $250 seed deposit for children in states where it operates, including Idaho, New York, Virginia, California, Colorado, Minnesota and Texas. The company said the commitment complements more than $200 billion in planned U.S. memory manufacturing and research and development investment and more than 90,000 projected U.S. jobs.

Trump Accounts, also known as 530A Accounts, are structured as a new type of IRA for eligible children under Treasury and IRS guidance. Contributions cannot be made before July 4, 2026. The federal government will make a one-time $1,000 pilot contribution for eligible U.S. citizen children born between Jan. 1, 2025 and Dec. 31, 2028, and annual contributions are capped at $5,000, with employer contributions limited to $2,500 of that total. Funds in the accounts must be invested in certain mutual funds or exchange-traded funds tracking the S&P 500 or another index of primarily American equities.

Treasury said the Trump Accounts app launched nationwide on May 28, 2026, and account activation would begin in phases before the July 4 rollout. That phased launch gives the administration control over the rollout timing while private companies, including Micron, supply the money that will flow into the accounts for children and families. The arrangement also gives the White House a visible branding advantage, with the program tied directly to the president’s name and the nation’s semiquincentennial celebration.

Treasury Secretary Scott Bessent praised the effort and said companies were helping children in their communities through matching contributions. Dell Technologies CEO Michael Dell also applauded the commitment. Micron said the announcement adds to a growing list of corporate backers as the administration moves from policy design to public launch.