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Apple Drops $500 Million on Rare Earth Magnets — iPhones at Risk Without It
The magnets, which are crucial for powering components like iPhone vibration motors, will be produced at MP's Fort Worth, Texas.
Apple just spent $500 million to source a material that's critical for iPhones from the US
(CNN) — 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 ...