Apple has signed a $500-million deal with Pentagon-backed MP Materials for a supply of rare earth magnets, becoming one of the first tech companies to ink a U.S. supply agreement after China curbed exports earlier this year.

The factory will develop a series of neodymium magnet manufacturing lines specifically designed for Apple products.

Apple’s earbuds and smartwatches are taking on medical-grade features, from hearing support to sleep apnea detection.

Apple has signed a $500 million deal with MP Materials for rare earth magnets, mitigating supply risks after China curbed exports this year and representing a major coup for MP that sent its shares soaring by a fifth.

Apple is investing $500 million with MP Materials to design and manufacture recycled rare earth magnets in the US, specifically for Apple devices.

Phone owners have had to wait longer than ever for the first iOS 26 public beta, but it should result in a cleaner, more stable release.

MP Materials will supply Apple with magnets it produces at a Texas facility, expanding Apple’s U.S. supply chain at a time when President Trump has pressured Apple to do so.

MP Materials, the operator of the only rare earths mine in the United States, has signed a $500 million deal with Apple.

The introduction of the A19 across the board for the iPhone 17 range is promising. That said, Apple has an outstanding track record for delivering processors which are fast and reliable performers. So, whatever the name of the processor, it’s likely to be up to the task.