US EditionApple invests $500 million to source critical iPhone material from the U.S.
UNITED STATES, JUL 15 – Apple's $500 million investment supports MP Materials' US rare earth magnet production and recycling, aiming to supply hundreds of millions of devices and reduce dependence on China.
- Apple has signed a $500 million deal with MP Materials to secure a domestic supply of critical magnets for iPhone production, backed by the U.S. Department of Defense.
- Production of the magnets will begin at MP's Fort Worth, Texas facility in 2027, which is crucial for components like iPhone vibration motors.
- Apple will pre-pay $200 million to ensure a stable supply amid geopolitical uncertainty, reducing dependency on Chinese manufacturing.
- This agreement supports Apple's broader commitment to invest over $500 billion in the U.S. over the next four years.
208 Articles
208 Articles
The two global superpowers – the United States and China – have a hearty pulse for global hegemony. Other relevant poles – such as the EU, Russia and India – are looking for new capabilities to adapt to a reconfiguration world, all of which involve fierce competition on multiple levels, from the primacy of key technologies to the configuration of powerful arsenals, from the affirmation of advantageous trading conditions to the control of the ene…
In the heart of Texas, an MP Materials plant works full-time to produce rare earth, key minerals for from smartphones to advanced weaponry.With a million-dollar investment and Pentagon support, this company is leading the U.S. race to challenge China's control over 90% of the magnets that fuel technology and global defense, a monopoly that has put giants like Ford and Tesla in check.Read more]]>
Apple, MP Materials strike $500 million deal that includes a plant in Fort Worth
MP Materials will make rare earth magnets at a plant in Fort Worth as part of a $500 million agreement with Apple. Materials will be mined in California and shipped to Fort Worth for production.
Apple just spent $500 million to source a material that’s critical for iPhones from the U.S.
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.
Coverage Details
Bias Distribution
- 56% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
