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Apple to invest $500 million in rare earths mine operator MP Materials: Report - The Economic Times

Economic Times

Economic Times · 1m ago

Apple to invest $500 million in rare earths mine operator MP Materials: Report - The Economic Times

Apple is set to invest $500 million in MP Materials, the sole U.S. rare earths mine operator, to expand the production of rare earth magnets and reduce reliance on China. This partnership includes plans for Apple to buy U.S.-made magnets from MP’s Texas facility and build additional facilities in Texas and California. MP Materials shares rose following the news, and a U.S. government deal guarantees higher prices for certain rare earths to encourage domestic production.

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Rare earths shortage hits Apple vendor Foxconn's AirPods unit - The Economic Times

Economic Times

Economic Times · 1m ago

Rare earths shortage hits Apple vendor Foxconn's AirPods unit - The Economic Times

Production of Apple AirPods in India has faced challenges due to a shortage of dysprosium, a rare earth metal, amid China's export restrictions. Foxconn's Telangana plant experienced a slowdown, despite no official production disruption. The company sought assistance from the Indian government to expedite the export approval process. The supply chain for essential metals like dysprosium and neodymium, crucial for manufacturing, has become longer, impacting production cycles. Foxconn anticipates resolution by month-end.

India moves to conserve its rare earths, seeks halt to Japan exports, sources say

Economic Times

Economic Times · 2m ago

India moves to conserve its rare earths, seeks halt to Japan exports, sources say

India has instructed state-owned miner IREL to halt exports of rare earth elements to Japan, seeking to conserve the minerals for domestic use and reduce reliance on China. The rare earth materials, essential for producing electric vehicle motors, have been supplied under a 2012 agreement with Japan's Toyotsu Rare Earths India. With changes in global rare earth supply dynamics, India aims to bolster its domestic capabilities and negotiate the existing export agreements amicably.

Easing of rare earths bottlenecks may clear way for Indian electronics firms - The Economic Times

Economic Times

Economic Times · 6d ago

Easing of rare earths bottlenecks may clear way for Indian electronics firms - The Economic Times

China easing export curbs on rare earth metals boosts India’s electronics industry by reducing supply chain disruptions and stabilizing costs. This benefits sectors like EVs and wearables, offering new opportunities for research and manufacturing. Despite the relief, the situation highlights India's need for self-reliance and strategic planning in securing these critical resources, as China dominates the rare earth market. India's initiatives like KABIL aim to enhance domestic capabilities and supply chains.

It’s rare, it’s revered, it’s relevant: What’s the big deal about rare earths? - The Economic Times

Economic Times

Economic Times · 1m ago

It’s rare, it’s revered, it’s relevant: What’s the big deal about rare earths? - The Economic Times

Rare earth elements (REEs) are vital to manufacturing electronic products due to their unique properties. China dominates the global supply chain, controlling mining and over 90% of processing and magnet production capacity. This dominance gives China significant leverage, potentially leading to supply chain disruptions for countries like India. The article by ET's Suraksha P delves into the complexities of the rare earth supply chain and its critical importance to India's manufacturing success.

Apple plans to invest another $100 billion in US manufacturing amid tariff pressure - The Economic Times

Economic Times

Economic Times · 22d ago

Apple plans to invest another $100 billion in US manufacturing amid tariff pressure - The Economic Times

Apple plans to invest $100 billion in US manufacturing amid tariff pressure from the Trump administration. President Trump, advocating for US production, is expected to announce this initiative with Apple CEO Tim Cook. This move follows Apple's $500 billion investment plan to bolster its AI infrastructure and mitigate tariff impacts. A new factory in Texas and a manufacturing academy in Detroit are part of the strategy to foster AI-driven production techniques within the US.

Rare earth shortage hits electronic component companies - The Economic Times

Economic Times

Economic Times · 1m ago

Rare earth shortage hits electronic component companies - The Economic Times

The Electronics Component Manufacturing Scheme (ECMS) faces challenges due to rare earth shortages, exacerbated by China’s export controls. Over 110 firms have applied, but some warn they might miss targets without solution. Alternatives include importing components or using different technologies. While interest in printed circuit boards (PCBs) is strong, local production lacks crucial raw materials. The scheme aims to enhance domestic electronics manufacturing, with the government offering support and extending application deadlines.

Foxconn’s Telangana Plant Faces Rare Earths Shortage, Production Hit

Inc42 · 1m ago

Foxconn’s Telangana Plant Faces Rare Earths Shortage, Production Hit

Foxconn’s Telangana plant is experiencing production disruption of Apple AirPods due to a shortage of dysprosium and neodymium, key components for magnets. This shortage follows China's export ban on critical rare earth elements. The Foxconn Interconnect Technology factory, located near Hyderabad, reported the supply issue to the Telangana government. The shortage highlights India's reliance on China, prompting the government to develop incentives for local magnet production to enhance domestic capabilities.

China electronics entry may hinge on tech transfer JVs with Indian firms - The Economic Times

Economic Times

Economic Times · 1m ago

China electronics entry may hinge on tech transfer JVs with Indian firms - The Economic Times

India may support Chinese investments in its electronics sector if they involve joint ventures with local firms and ensure technology transfer rather than merely setting up assembly units. This approach aims to boost domestic manufacturing and increase local value addition in electronics. The Ministry of Electronics and IT supports easing investment norms from China to develop India's electronics ecosystem, even amid concerns over trade tensions and restrictions on rare earth materials.

Apple internally discussed buying Mistral, Perplexity: Report - The Economic Times

Economic Times

Economic Times · 2d ago

Apple internally discussed buying Mistral, Perplexity: Report - The Economic Times

Apple is reportedly considering acquiring French AI startup Mistral and Perplexity, signaling a shift from its conservative M&A strategy. CEO Tim Cook expressed openness to larger AI-related acquisitions to accelerate Apple's innovation roadmap. Historically trailing Google and Samsung in AI features, Apple aims to enhance its competitive edge. While the report remains unverified, Mistral, valued over $6 billion, is in ongoing talks about a $10 billion valuation. Apple, Mistral, and Perplexity have not commented.

Curefoods files IPO papers, to raise Rs 800 crore via fresh issue - The Economic Times

Economic Times

Economic Times · 2m ago

Curefoods files IPO papers, to raise Rs 800 crore via fresh issue - The Economic Times

Curefoods, a Bengaluru-based cloud kitchen operator, has filed for an IPO to raise Rs 800 crore through a fresh issue and an offer for sale of 48.5 million shares. The company operates over 500 kitchens in 40 cities with brands like CakeZone and Nomad Pizza. Curefoods reported Rs 585 crore in revenue with a Rs 173 crore net loss in FY24 and aims for Ebitda breakeven by FY25. JM Financial, IIFL, and Nuvama are managing the IPO.

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