Indian-origin semiconductor executive Sanjay Mehrotra, President and CEO of Micron Technology, has announced a $250 million investment in the Trump Accounts initiative, making it the largest corporate commitment to the programme so far. The announcement comes as the United States prepares to celebrate the 250th anniversary of its independence.
As part of the initiative, Micron will match employee contributions of up to $1,000 per child for eligible U.S. employees. The company will also provide a one-time $250 seed contribution for every eligible child in communities across the seven U.S. states where Micron operates. The programme is expected to benefit up to one million children, helping them save towards future milestones such as higher education, home ownership or starting a business.
US President Donald Trump welcomed the announcement, describing Micron as a “truly great American company” and praising Mehrotra’s contribution as a significant investment in the country’s future. Trump Accounts are government-backed savings accounts created under recent legislation, designed to encourage long-term wealth creation for American children through public and private contributions.
Born in Kanpur, India, Sanjay Mehrotra is a co-founder of SanDisk and has led Micron Technology since 2017. Under his leadership, Micron has become one of the world’s leading manufacturers of memory and storage semiconductors, supplying critical technologies used in artificial intelligence, cloud computing, smartphones and data centres.
