Micron Hikes Prices on Storage Products Due to Trump Tariffs

Micron Technology, a leading U.S. manufacturer of storage chips, has announced that it will impose additional fees on certain products starting Wednesday. This decision comes as a response to the latest tariff policies implemented by the Trump administration. Micron's overseas production facilities are primarily located in Asia, including mainland China, Japan, Malaysia, and Singapore.

According to sources, Micron has informed its American clients that while the recent tariff list announced by Trump exempted semiconductor products, which account for a portion of Micron's business, storage modules and solid-state drives (SSDs) would still be subject to additional tariffs. These storage products, widely used in automobiles, laptops, and data center servers, will now face extra costs.

This move aligns with Micron's statement during its March 21 earnings call, where executives indicated that they would pass on costs to clients in areas affected by tariffs. Earlier in late March, Micron had already notified customers of a price increase due to "unpredictable demand surges."

The new tariff policies have sparked global reactions, leading to retaliatory tariffs from China and heightened market concerns about a global trade war and potential economic downturn. Multinational corporations are now forced to assess whether to absorb the tariff costs internally or pass them on to customers.

The U.S. Customs and Border Protection began imposing a 10% "unilateral tax" on imports from multiple countries last Saturday. Specific retaliatory tariffs, ranging from 11% to 50%, will take effect at 00:01 AM Eastern Time on Wednesday (12:01 AM Beijing Time).

A senior executive from an Asian NAND module manufacturer revealed that their company is adopting a similar strategy to Micron, informing American clients that they will need to bear the tariff costs. "If they don't want to take on these taxes, we can't ship the goods. We can't be held responsible for decisions made by your government," the executive stated. "At these tax rates, no company can generously say, 'I'll take on this burden.'"