NewKerala.com

Key Points

Apple is doubling down on US manufacturing with a fresh $100 billion investment. The tech giant will now exclusively use American-made rare earth magnets from MP Materials. Its Kentucky Corning plant will produce all iPhone and Apple Watch glass globally. The move strengthens domestic supply chains amid ongoing trade tensions.

Key Points: Apple Commits $100B More to US Manufacturing With Rare Earth Deal

  • Apple pledges $100B more for US manufacturing totaling $600B
  • Partners with MP Materials for American rare earth magnets
  • Expands Kentucky Corning plant for iPhone glass production
  • Move seen as tariff hedge amid US-China trade tensions
2 min read

Apple to use only US-made rare earth magnets, commits an additional USD 100 bn investment in US: Tim Cook

Tim Cook announces Apple's $600B US investment, rare earth magnet shift with MP Materials, and Kentucky-made iPhone glass in partnership with Trump.

"Every new iPhone and Apple Watch will contain glass made in Kentucky - Tim Cook"

Washington, August 7

Technology giant Apple has announced a major push to expand its manufacturing base in the United States, including a decision to exclusively use rare-earth magnets made in the country.

The announcement came during a press conference held on Wednesday (US time), where Apple CEO Tim Cook appeared alongside US President Donald Trump.

Cook stated that Apple will now source only American-made rare-earth magnets for its devices. These magnets will be developed by MP Materials, the only fully integrated rare-earth producer in the United States.

He stated, "This year alone, the American manufacturers are on track to make 19 billion chips for Apple in 24 factories across 12 different states. Second, we're committed to buying American-made and advanced rare-earth magnets developed by MP Materials, which will become part of Apple's devices shipped around the world".

With this partnership, MP Materials will significantly expand its flagship facility in Fort Worth, Texas. Apple also plans to collaborate on building a cutting-edge rare earth recycling line in Mountain Pass, California.

He also highlighted that Apple has worked with its partner Corning to build the world's largest and most advanced smartphone glass production line in the state.

"In Kentucky, we've worked with our partners at Corning to build the world's largest and most advanced smartphone glass production line. And I'm pleased to announce that very soon, this is for the first time ever, every single new iPhone and every single new Apple Watch sold anywhere in the world will contain cover glass made in Kentucky," Cook added.

Apple's total investment commitment in the United States has now been raised to USD 600 billion over the next four years.

This includes an additional USD 100 billion announced on Wednesday. Earlier this year, the company had committed USD 500 billion and announced plans to hire 20,000 workers across the country over the same period.

The move is also seen as a strategic decision that could help Apple sidestep potential tariffs on iPhones and other products amid rising tariffs by the US President on imports to the US.

- ANI

Share this article:

Reader Comments

P
Priya S
Smart business decision considering the US-China trade tensions. But will this make iPhones more expensive for us in India? Already paying so much premium 😅
A
Aman W
Apple is playing the long game here. With local manufacturing, they can avoid import duties and supply chain disruptions. Indian companies should learn from this strategy.
S
Shreya B
Interesting to see the focus on rare earth magnets. India has huge reserves of rare earth minerals - we should develop our own processing capabilities instead of exporting raw materials!
V
Vikram M
While this is good for US jobs, I hope Apple doesn't forget about its Indian manufacturing plants. The Chennai facility employs thousands and we need more such investments here.
K
Kavya N
$600 billion investment is massive! Just imagine if even 10% of that came to India... Our electronics manufacturing sector would be transformed overnight. Government should push harder for such investments.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50