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Apple is investing $500 million in a deal with US rare earths company MP Materials as the iPhone maker faces pressure from President Donald Trump to produce its popular smartphones domestically.
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MP Materials will supply Apple with magnets it produces at a Texas facility, expanding Apple’s U.S. supply chain at a time ...
Apple has committed $500 million over several years to buy US-made rare earth magnets. This is a partnership with US Materials.
Apple today announced a $500 million multi-year commitment to buying American-made rare earth magnets developed by MP ...
The magnets, which are crucial for powering components like iPhone vibration motors, will be produced at MP's Fort Worth, Texas.