Micron Technologies Stock Dips on Trump Tariff Concerns

Micron Technologies (MU) shares fell more than 3% on Friday, significantly underperforming the broader S&P 500's 0.3% decline. The drop followed former President Donald Trump's remarks aboard Air Force One suggesting impending tariffs on microchips. "I'll be setting tariffs next week and the week after on steel and on, I would say, chips," TRUMP told Reuters, signaling a phased approach with initially low rates that would escalate sharply after a grace period.

The semiconductor sector faces heightened uncertainty as even U.S.-based manufacturers like Micron rely heavily on Asian production hubs. With facilities spanning Malaysia, Singapore, Japan, and Taiwan alongside domestic operations in Idaho and Virginia, Micron exemplifies the globalized supply chains vulnerable to trade policy shifts. Market participants await clarity on tariff percentages and implementation timelines.