Micron raises prices on SSDs, memory products in response to tariffs

What just happened? Memory chipmaker Micron Technology has announced it will impose a surcharge on certain products starting Wednesday. According to four sources familiar with the matter who spoke to Reuters, the decision comes in response to new tariffs introduced by President Trump. While semiconductors – core components of Micron's portfolio – were exempt from the tariffs announced last week, memory modules and solid-state drives were not. In a letter to its US clients, Micron explained that the surcharge is necessary under the new trade conditions. Executives had already warned customers during a March 21 post-earnings call that the company planned to pass tariff-related costs onto affected buyers. The timing of this surcharge closely follows a separate price adjustment announced in late March, which Micron attributed to an unexpected surge in product demand. The semiconductor industry has been contending with rising raw material costs and heightened competition, prompting compan ... Read full article.