Apple adds U.S. titanium supplier for iPhone Duo

Key Points:

• Apple is investing up to $100 million over three years in Perryman Company, a U.S.-based titanium supplier, to produce titanium for its new foldable iPhone Duo, enhancing domestic manufacturing of key materials.
• The company is also expanding production of advanced camera components for the iPhone 18 Pro with Delaware-based Qnity Electronics, supporting the variable-aperture camera system.
• Nearly 100 components for the iPhone Duo and iPhone 18 Pro are now sourced from American companies across more than a dozen states, reflecting Apple's ongoing commitment to U.S. manufacturing.
• Apple faces significant supply constraints for the foldable iPhone Duo, with preorder wait times reaching about 14 weeks and estimated shipments for 2024 lowered to 8-9 million units due to production challenges.
• These moves align with Apple’s broader American Manufacturing Program, which aims to increase domestic spending to $600 billion, supporting suppliers like Broadcom, Corning, and Amkor in the U.S.