Micron Technology (MU) will levy a surcharge on several of its products starting April 9 in response to new US tariffs, Reuters reported Tuesday, citing sources close to the matter.
The sources said Micron informed customers in a letter that the tariffs apply to memory modules and solid-state drives, and these products would be subject to a surcharge.
The company's overseas manufacturing sites are largely based in Asia, according to the report.
Micron Technology didn't immediately respond to a comment request from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 67.70, Change: -0.67, Percent Change: -0.98
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.