Apple commits up to $100 million for US titanium in domestic manufacturing push

By Reuters News

- Apple AAPL.O said on Tuesday it has committed to purchasing up to $100 million of titanium over three years from a Pennsylvania-based company as part of the iPhone maker's push to expand manufacturing in the United States.

The purchase agreement with Perryman Company, part of Apple's American Manufacturing Program, covers titanium for various products, including its first foldable phone, the iPhone Duo.

Here are more details:

  • Perryman will melt, forge and roll titanium with at least 80% recycled content at its site in Houston, Pennsylvania

  • Apple is also expanding its partnership with Delaware-based Qnity Electronics to cover production of films for the new variable-aperture camera system in the iPhone 18 Pro

  • Nearly 100 components in the iPhone Duo and iPhone 18 Pro are produced by American companies, drawn from suppliers in more than a dozen states, Apple said

  • TSMC's Arizona plant will produce more than 100 million chips for Apple in 2026, while Corning's Kentucky facility will make all cover glass for iPhones and Apple Watches sold worldwide by the end of the year

  • Apple launched the American Manufacturing Program last year as part of its $600-billion, four-year commitment to US manufacturing

  • In August, Apple opened an Advanced Manufacturing Center in Houston, Texas, in the same facility that builds its AI servers and will begin making Mac minis this year

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.