Apple today announced a new commitment to $ 500 million with MP material, the only fully integrated manufacturer of rare countries in the United States. Thanks to this multi -year agreement, Apple is determined to buy American magnets of rare soils developed in the flagship of MP Materials Independence Facility in Fort Worth in Texas. Both companies will also cooperate on creating a top recycling line of rare soils in Mountain Pass in California and develop new magnetic materials and innovative processing technologies to increase magnet performance. The commitment is part of Apple’s promise to spend more than $ 500 billion in UX in the next four years and builds on a long history of investment in American innovation, advanced production and recycling technology.
“American innovations control everything we do in Apple, and we are proud to deepen our investment in the US economy,” said Tim Cook, Apple CEO. “Rare soil materials are essential for the production of advanced technologies and this partnership will help strengthen these vital materials here in the United States. We could not be more enthusiastic about the future of American production and continue in ingenuity, creativity and innovative spirit of the US people.”
Apple and MP materials create the latest Texas Factory with a series of non -repair magnets specially designed for Apple Products. New equipment and technical capacity will allow MP materials to significantly increase its overall production. Once built, American magnets will be delivered across the country and around the world, helping to meet the growing global application of material. Increased production will support dozens of new jobs in advanced production and research and development. Both companies will provide extensive training for the development of labor, to build a brand new US talents fund and expertise in the field of magnet production.