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Apple Puts $600 Billion Into US Manufacturing! Meet the Top 10 Partners

$Apple(AAPL)$   has announced a $100 billion investment in the US over the next four years, raising its total US investment to $600 billion. As part of this, Apple launched the American Manufacturing Program (AMP) to bring more of its supply chain and advanced manufacturing back to the US.

CEO Tim Cook said Apple will work with US companies to localize production of key components for iPhones and Apple Watches. All glass covers will be made in the US, rare earth magnets will come from MP Materials, and a complete domestic chip supply chain will be built.

The first 10 AMP partners span four key areas: rare earths, lasers, glass, and semiconductors.

Rare Earth Materials

Apple has partnered with $MP Materials Corp.(MP)$  , the only rare earth producer based in the United States, known for its focus on neodymium-iron-boron magnets. The two companies have signed a multi-year supply agreement worth $500 million to manufacture rare earth magnets at facilities in Texas and California. These magnets will be used in key Apple components, such as the Taptic Engine. Additionally, the companies plan to build a rare earth recycling facility in California jointly. Underscoring the strategic importance of this partnership, the US Department of Defense has also invested $400 million in MP Materials, becoming its largest shareholder. MP's stock has more than tripled year-to-date.

Laser Components

Apple has entered a long-term supply agreement with $COHERENT(COHR)$  , a global leader in laser technologies. Coherent supplies the VCSEL lasers used in Face ID on iPhones and iPads. Production takes place at the company's facility in Sherman, Texas. Following this announcement and broader demand recovery, Coherent's stock has nearly doubled since April.

Glass Manufacturers

Apple is deepening its relationship with $Corning(GLW)$  , its longtime partner known for Gorilla Glass. Apple plans to invest $2.5 billion in Corning's Harrodsburg, Kentucky, plant, which will produce all iPhone and Apple Watch glass covers. The companies will also co-launch the Apple-Corning Innovation Center to drive further materials development. Corning shares are up more than 36% year-to-date.

Semiconductors

Apple is pushing forward with a fully localized, end-to-end silicon supply chain across the US, from wafer production to chip packaging. One key partner is $Broadcom (AVGO.US)$, which supplies Apple with 5G modems and RF filters. Although Apple is developing its wireless chips for future devices, Broadcom remains a critical supplier. Its stock recently hit an all-time high, reflecting continued investor confidence.

$Texas Instruments (TXN.US)$, a global leader in analog and embedded semiconductors, is also ramping up support for Apple by expanding chip manufacturing capacity in Utah and Texas. While the company's stock fell more than 13% after its recent earnings miss, its strategic role in Apple's US chip supply chain remains highly relevant.

$GlobalFoundries (GFS.US)$, the largest U.S.-based foundry, is partnering with Apple to produce wireless and power management chips domestically. The company has announced plans to invest $16 billion to expand its US production capacity. Despite the investment, GlobalFoundries shares are down roughly 20% this year due to underwhelming financial results.

Apple is also working with $Applied Materials (AMAT.US)$, one of the world's leading semiconductor equipment makers. The two companies will collaborate to expand production capacity at Applied's facility in Austin, Texas, which builds the advanced machinery used in chip and display fabrication. Applied's stock has rebounded more than 30% so far this year.

In packaging and testing, Apple is backing $Amkor Technology (AMKR.US)$, a major player in the chip backend ecosystem. Apple will be the first and largest customer at Amkor's new facility in Arizona, which will package chips manufactured by $Taiwan Semiconductor (TSM.US)$ at its nearby Phoenix wafer fab. Amkor shares have surged nearly 50% since April.

At the wafer level, Apple is partnering with GlobalWafers to supply the advanced silicon wafers needed for US chip production. The company will manufacture these wafers in Sherman, Texas—marking the first time Apple's U.S.-based chip operations are supported by a domestic wafer supplier.

Also, Apple is working with Samsung in Austin, Texas, to advance new chip manufacturing technologies that optimize power consumption and overall performance. This collaboration represents a further step in enhancing Apple's domestic semiconductor capabilities through partnerships with major industry players.

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