Apple Announces $500 Million Commitment to Buying American Magnets

Apple contiguous announced a $500 cardinal multi-year committedness to buying American-made uncommon world magnets developed by MP Materials, astatine a state-of-the-art mill successful Fort Worth, Texas. Apple said the committedness is portion of its wide pledge to spend much than $500 cardinal successful the U.S. wrong the adjacent 4 years, which it announced successful February.


Apple and MP Materials volition physique retired the Texas mill with a bid of neodymium magnet manufacturing lines specifically designed for Apple products, the institution said. Today, astir each magnets crossed Apple devices are made with 100% recycled uncommon world elements, including successful the Taptic Engine successful the iPhone 11 and newer.

The 2 companies volition besides enactment unneurotic to physique a uncommon world recycling enactment successful Mountain Pass, California, according to the announcement.

"American innovation drives everything we bash astatine Apple, and we're arrogant to deepen our concern successful the U.S. economy," said Apple CEO Tim Cook, successful a statement. "Rare world materials are indispensable for making precocious technology, and this concern volition assistance fortify the proviso of these captious materials present successful the United States."

Apple said its committedness volition enactment dozens of caller U.S. jobs successful manufacturing and R&D.
This article, "Apple Announces $500 Million Commitment to Buying American Magnets" archetypal appeared connected MacRumors.com

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