Micron Technology will provide seed funding for eligible children in Idaho communities where the company operates through a new initiative tied to federally created Trump Accounts. The company will also offer matching contributions for employees’ children.
Children in Ada, Boise, Canyon, Elmore and Gem counties will receive a $250 seed deposit from Micron into their 530A account, also known as a Trump Account. Children of Micron employees will receive $1,000.
The Boise-based company announced a $250 million commitment Tuesday, which it says will support up to 1 million children nationwide through community funding and employee matching contributions.
Trump Accounts are investment funds for American children born between Jan. 1, 2025, and Dec. 31, 2028. The accounts start with a $1,000 contribution from the federal government. Families can access their Trump Accounts via an app available here.
The announcement comes ahead of America’s 250th birthday, known as the nation’s semiquincentennial, on July 4.
Qualifying children in California, Colorado, Minnesota, New York, Texas and Virginia will also receive Trump Account deposits from Micron.
The quarter-billion-dollar contribution is one of many educational investments by Micron in the Treasure Valley. The semiconductor giant, which manufactures memory chips for data centers, recently surpassed $1 trillion market value.
Micron gave the College of Western Idaho an undisclosed “significant gift” in April, as the college plans to open its Micron Academic Center in 2027.
Micron’s local higher education investments also include an apprenticeship program at CWI to help staff its hulking fabrication plants in Boise — a $50 billion investment expected to come online in the coming months.
