Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Exclusive-Micron to impose tariff-related surcharge on some products from April 9, sources say
    Finance

    Exclusive-Micron to Impose Tariff-Related Surcharge on Some Products From April 9, Sources Say

    Published by Global Banking & Finance Review®

    Posted on April 8, 2025

    2 min read

    Last updated: January 24, 2026

    Add as preferred source on Google
    The featured image illustrates the financial landscape as activist investor 7Square pressures Nuernberger to evaluate rival takeover offers, emphasizing the ongoing competition in the insurance sector.
    Activist investor 7Square urges Nuernberger to explore takeover offers - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Micron Technology will impose a surcharge on certain products due to new U.S. tariffs, affecting memory modules and SSDs starting April 9.

    Micron to Implement Tariff Surcharge on Products Starting April 9

    SHANGHAI/TAIPEI (Reuters) - U.S. memory chipmaker Micron Technology has told U.S. customers it plans to impose a surcharge on some products from Wednesday to account for U.S. President Donald Trump's new tariffs, four sources familiar with the matter said. 

    Micron's overseas manufacturing sites are largely based in Asia, including China, Taiwan, Japan, Malaysia and Singapore.

    The company notified its customers in a letter that while Trump's announcement last week exempted semiconductors, which account for part of Micron's portfolio, the tariffs applied to memory modules and solid-state drives (SSDs), the sources said. 

    Those products, used to store data in various products from cars to laptops and data center servers, would now be subject to a surcharge, they said. 

    Micron did not immediately respond to a request for comment.

    The notice to customers echoes comments the company made on March 21 on a post-earnings call, when its executives said it intended to pass along costs to customers in areas where tariffs had an impact.  

    It also comes shortly after Micron in late March notified customers of price rises due to an increase in "un-forecasted demand" for its products.

    Trump's announcement last week jolted economies around the world, triggering retaliatory levies from China and sparking fears of a global trade war and recession.

    It has also forced companies globally to assess whether they should absorb the tariffs or shift them on to customers. 

    U.S. customs agents began collecting Trump's unilateral 10% tariff on all imports from many countries on Saturday. Higher "reciprocal" tariff rates of 11% to 50% on individual countries are due to take effect on Wednesday at 12:01 a.m. EDT (0401 GMT).

    An executive at an Asian NAND module manufacturer said they were taking a similar approach to Micron to tell U.S. customers they had to figure out the tariffs themselves. 

    "If they don't want to bear the taxes, we cannot ship the products. We cannot be held accountable for the decisions made by your government," the person said, declining to be named as they were not permitted to speak to the media. 

    "With this kind of tax rate, no company can generously say, 'I'll take on the burden'."

    (Reporting by Brenda Goh in Shanghai, Wen-Yee Lee in Taipei, Fanny Potkin in Singapore and Che Pan in Beijing; Editing by Miyoung Kim and Jan Harvey)

    Key Takeaways

    • •Micron to impose surcharge due to new tariffs.
    • •Tariffs affect memory modules and SSDs.
    • •Micron's manufacturing is based in Asia.
    • •Trump's tariffs trigger global trade concerns.
    • •Companies weigh absorbing or passing costs.

    Frequently Asked Questions about Exclusive-Micron to impose tariff-related surcharge on some products from April 9, sources say

    1What is the main topic?

    The article discusses Micron Technology's decision to impose a tariff-related surcharge on some products due to new U.S. tariffs.

    2How are Micron's products affected?

    Memory modules and SSDs will be subject to a surcharge as they are impacted by the new tariffs.

    3What is the broader impact of the tariffs?

    The tariffs have sparked fears of a global trade war and forced companies to decide whether to absorb or pass on the costs.

    More from Finance

    Explore more articles in the Finance category

    Image for Japan denies report government asked trading houses to join Russia visit in May
    Japan Denies Report Government Asked Trading Houses to Join Russia Visit in May
    Image for Exclusive-Oil giants show early interest in US Gulf deepwater field stake, sources say
    Exclusive-Oil Giants Show Early Interest in US Gulf Deepwater Field Stake, Sources Say
    Image for Ferretti board says sweetened KKCG Maritime offer 'not fair or reasonable'
    Ferretti Board Says Sweetened Kkcg Maritime Offer 'not Fair or Reasonable'
    Image for Trading Day: Oil Strait back up again
    Trading Day: Oil Strait Back up Again
    Image for Kremlin aide Ushakov says Strait of Hormuz is open for Russia, Ifax reports
    Kremlin Aide Ushakov Says Strait of Hormuz Is Open for Russia, Ifax Reports
    Image for ECB's Villeroy says it is too soon to say when rates could rise
    ECB's Villeroy Says It Is Too Soon to Say When Rates Could Rise
    Image for Exclusive-Italy to get LNG from QatarEnergy-Exxon's US Golden Pass from June, sources say
    Exclusive-Italy to Get Lng From QatarEnergy-Exxon's US Golden Pass From June, Sources Say
    Image for Britain agrees full text of US-UK pharmaceutical trade deal
    Britain Agrees Full Text of US-UK Pharmaceutical Trade Deal
    Image for European Q1 corporate profits expected to grow 4% helped by booming energy sector
    European Q1 Corporate Profits Expected to Grow 4% Helped by Booming Energy Sector
    Image for Austria denied US access to its airspace for Gulf military operations, reports newspaper
    Austria Denied US Access to Its Airspace for Gulf Military Operations, Reports Newspaper
    Image for Cleaning products firm McBride raises prices on Iran war energy hit
    Cleaning Products Firm McBride Raises Prices on Iran War Energy Hit
    Image for How US home-service trades are navigating the hidden admin overload
    How US Home-Service Trades Are Navigating the Hidden Admin Overload
    View All Finance Posts
    Previous Finance PostEurope Inc Q1 Profits Seen Falling 2.2% Amid Tariff Turmoil
    Next Finance PostJanus Henderson to Manage Insurer Guardian's $45 Billion Public Fixed-Income Portfolio