Two hundred and fifty years ago, a band of visionaries bet everything on a radical idea: that ordinary people, given liberty and opportunity, could build a great and innovative nation.As we approach America's 250th birthday, it's time to make another bold bet on our workforce and the next generation.Idaho-based Micron Technology has committed more than $200 billion to expand semiconductor manufacturing and R&D right here in the United States.
One of the largest private investments in the country’s history, it will generate more than 90,000 U.S.jobs.But Micron's investment in America never stopped at fabs.
Micron has more than $300 million planned nationally over the next 20 years for education, community, veteran and workforce development programs.Micron announced today that it is once again leading the way for the private sector by committing $250 million to seed Trump Accounts for 1 million American children, in addition to matching our employees’ contributions to these accounts.HERE'S HOW MUCH TRUMP ACCOUNT BALANCES COULD GROW OVER TIMEThese tax-advantaged savings vehicles, passed by Congress and signed into law by President Trump, help parents, guardians and other donors invest in families’ futures.
Micron is putting real money behind them with two new programs.This investment — both an employee benefit and a community initiative — is the largest corporate commitment of its kind.First, an employee match.
Micron employs more than 10,000 Americans, and starting now, current and future team members who open Trump Accounts for their children will receive a company match of up to $1,000 per child.After contributing $1,000 of their own, a Micron team member with one newborn child could receive an additional $1,000 match from Micron, combined with the government's $1,000 seed contribution.
This collective $3,000 in tax-advantaged dollars could, based on historical market averages, grow to more than $20,000 by the time that child turns 18.Second, comm...