Apple commits $500 million over several years to buy US-made rare earth magnets
SMRTR summary
Apple has committed $500 million to buy rare earth magnets from US-based MP Materials, to be produced at a new Texas facility. The magnets, used in various Apple products, will support advanced manufacturing jobs and strengthen the US technology supply chain. The companies will also collaborate on a California recycling facility and new magnet technologies. This initiative is part of Apple's larger $500 billion investment in the US economy.
SMRTR provides this summary for quick context. The original article belongs to Engadget.
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