Sanjay Mehrotra, the Indian American president and CEO of Micron Technology, announced a $250 million commitment to expand long-term savings opportunities for children and families through Trump Accounts, also known as 530A Accounts, as part of initiatives marking the nation’s 250th anniversary.
President Donald Trump, who hosted Mehrotra at the White House during a Diwali celebration last year, praised the announcement on social media, calling it the “BIGGEST CORPORATE Investment of its kind.”
On his Truth Social platform, Trump wrote, “This incredible gesture, made by Micron’s fantastic CEO, Sanjay Mehrotra, will make many children extremely happy some day in the not too distant future.”
READ: Micron overtakes Meta in market value as AI chip demand soars (June 25, 2026)
Mehrotra made a LinkedIn post highlighting the significance of his company betting big on Trump Accounts for children and how it could help them build their first home, fund an education or even start a company of their own one day. He also noted that Micron’s latest donation sits alongside the company’s $200 billion investment in U.S. manufacturing, and research and development.
“Factories and chips are not the whole measure of a company. People are,” he wrote on LinkedIn. “That same investment is creating over 90,000 American jobs, and the most lasting investment of all is the one we make in a child long before they ever fill out a job application.”
Micron is also investing hundreds of millions of dollars across the U.S. to expand access to semiconductor careers through K-12 STEM education, artificial intelligence education, community college and university partnerships and other workforce programs.
READ: Micron reaches $1 trillion market cap following major UBS upgrade (May 26, 2026)
Mehrotra was also the CEO and co-founder of SanDisk, and one of the top industry leaders who were part of Trump’s delegation to China. He had joined key industry figures like Tesla and SpaceX CEO Elon Musk, Apple boss Tim Cook, and NVIDIA CEO Jensen Huang, and 13 others on the trip.
Mehrotra recently addressed the ongoing memory shortage and price hikes, saying chipmakers aren’t the only ones to blame for the current supply-and-demand imbalance, which has recently led to price hikes for smartphones, computers and other consumer electronics. He argued that customers who drove a hard bargain in pricing in recent years also contributed to the squeeze.
“Certain customers drove pricing significantly down in our industry,” Mehrotra told Jim Cramer on CNBC’s “Mad Money” on Tuesday. “In 2023, our prices came down to one-third of what they were.”
Micron recently reached a $1 trillion market cap following a major UBS upgrade. The company also briefly surpassed Meta Platforms in market value on June 25 after it delivered a strong forecast.