Apple said on Oct. 20 that it will invest up to $100 million over the next three years in Perryman Company, a Pennsylvania-based family business, through its American Manufacturing Program (AMP), with the company set to supply titanium for products including the iPhone Duo. At the same event, Apple also said it is expanding its work with Qnity Electronics to produce advanced thin films for the variable-aperture camera in the iPhone 18 Pro.
Three-year commitment capped at $100 million
According to Apple’s press release, Perryman melts, forges and rolls titanium at its Houston, Pennsylvania site. Apple said the titanium used for the iPhone Duo will contain at least 80% recycled material.
Perryman’s own release also described the arrangement as “up to $100 million” over three years and said production will come from several of its facilities in the Pittsburgh area. Based on that ceiling, the implied annual average would be about $33.33 million at most. The source text noted that this is a cap, not a confirmed final spending amount.
U.S. titanium sponge supply is fully import-dependent
According to the U.S. Geological Survey’s 2026 Mineral Commodity Summaries, the last titanium sponge plant in the United States closed in 2024. Domestic production was zero in 2025, and net import reliance reached 100%.
The USGS said imports were about 44,000 metric tons, above the previous record high set in 2023. For the 2021-2024 period, Japan accounted for 77% of U.S. titanium sponge imports. The agency also said U.S. titanium ingot and downstream product makers rely on imported titanium sponge and scrap. Another titanium sponge plant in Henderson, Nevada, with annual capacity of about 12,600 metric tons, has been idle since 2020 because of market conditions.
How the Perryman deal compares with other AMP commitments
Apple said in August 2025 that it had raised its four-year U.S. investment commitment to $600 billion and launched AMP. In the same month, the company committed $2.5 billion for Corning’s Kentucky plant to produce all cover glass for iPhone and Apple Watch products. Apple said that partnership dates back to the original iPhone in 2007.
Earlier, in July 2025, Apple committed $500 million to buy U.S.-made recycled rare earth magnets from MP Materials, which Apple described as the only fully integrated rare earth producer in the United States. MP Materials is expected to begin shipments in 2027.
Apple’s agreement with Broadcom, also announced in July this year, is expected to exceed $30 billion and remains the largest AMP commitment so far. The source text calculated that the upper limit of the Perryman deal is about 0.33% of the Broadcom agreement and about 4% of the Corning commitment.
Apple did not say whether the deal will lift near-term output
On the demand side, CNBC reported that Morgan Stanley said online delivery times for some iPhone Duo models were about 14 weeks on the first day of preorders. Apple did not say whether its partnership with Perryman would increase near-term production capacity.
Apple also said nearly 100 components in the iPhone Duo and iPhone 18 Pro are produced by U.S. companies.