Super Micro lifts quarterly revenue outlook above Wall Street estimates
The server maker also raised its gross margin forecast to 12% to 12.5%, citing its customer and product mix.
Apple commits up to $100 million to US titanium purchases
The three-year agreement with Pennsylvania-based Perryman Company covers material for several products, including Apple's first foldable phone.
Apple said on October 20 it had committed to buy titanium worth up to $100 million from Perryman Company over three years, adding to its effort to expand US manufacturing. The material will be used in products including the iPhone Duo, its first foldable phone.
Perryman will handle melting, forging and rolling at its Houston, Pennsylvania, site. The titanium will contain at least 80% recycled material. The agreement falls under Apple's American Manufacturing Program, which the company launched last year within a four-year, $600 billion US manufacturing commitment.
Apple also said its expanded relationship with Delaware-based Qnity Electronics will include films used in the iPhone 18 Pro's new variable-aperture camera system. American suppliers across more than a dozen states produce nearly 100 components used in that phone and the iPhone Duo, according to Apple.
The company said TSMC's Arizona facility will make more than 100 million chips for Apple in 2026. By the end of the year, Corning's Kentucky plant will manufacture all cover glass used in iPhones and Apple Watches sold globally.
In August, Apple opened an Advanced Manufacturing Center in Houston, Texas. It shares a facility with production of Apple's AI servers, where Mac mini manufacturing is also due to start this year.