Apple just spent $500 million to source a material that’s critical for iPhones from the US
- Posted on July 15, 2025
- By CNN
- 1 Views
Apple just spent $500 million to source a material that’s critical for iPhones from the US
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 domestically.
