Michael Dell, founder and CEO of Dell Technologies, and his wife Susan announced a $750 million donation to the University of Texas at Austin to fund the development of a new medical campus.

The donation represents one of the largest gifts in the university's history and will support the establishment of medical education and research facilities. The funds will be used to create infrastructure for medical training programs and expand the university's healthcare-related academic offerings.

The Dell family has previously made significant contributions to educational initiatives, particularly in Texas. Michael Dell, who briefly attended UT Austin before founding his computer company, has maintained ties to the institution throughout his career.

The new medical campus is expected to enhance UT Austin's ability to train healthcare professionals and conduct medical research. University officials indicated the facility will help address healthcare workforce needs in Texas and contribute to medical innovation in the region.

Details regarding the timeline for construction and the specific programs that will be housed at the new medical campus were not immediately available. The donation will require approval through the university's standard governance processes before implementation begins.