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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.
The Trump administration has been pushing for Apple and other tech giants to produce their products in the United Statesrather than rely on assembly facilities and supply chain operations largely located in China, India and Vietnam. “The expertise to make each of the components is something that has to be worked on for a long period of time,” David Marcotte, senior vice president at international market research company Kantar, previously told CNN. Cook has also spoken about the labor gap in the past, describing the workforce in China as being a combination of “craftsman” skills, “sophisticated robotics” and “the computer science world” when speaking at a Fortune Magazine event in 2017.
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