President Trump took to Truth Social on July 1 to shower Micron Technology with praise, calling the chipmaker “one of the HOTTEST anywhere in the World” and congratulating CEO Sanjay Mehrotra. The compliment arrived alongside some genuinely massive numbers: a $250 million commitment to the Trump Accounts savings initiative and a broader pledge to invest over $250 billion in US manufacturing through 2035.
Wall Street, apparently, was not as enthusiastic as the president. Micron’s stock fell roughly 10.67% on the same day.
The numbers behind the praise
Micron’s commitment to the Trump Accounts, a savings program designed to help American families build long-term financial security for their children, represents a notable corporate contribution to a White House priority. The timing is deliberate, positioned as the nation approaches its 250th anniversary.
The company has raised its total US investment plan to over $250 billion through 2035, a figure that would place it among the largest domestic manufacturing commitments in American history. That spending is expected to generate more than 90,000 jobs, according to Micron’s projections.
