Afternoon Coffee: Apple Diversifies Supply Chain, Seimens Selects Molycorp as Rare Earth Magnet Supplier Kaitlyn McAvoy - April 17, 2015 12:14 PM | Categories: Afternoon Coffee | Tags: General News Apple has reportedly selected Taiwan Semiconductor Mfg. Co. Ltd. to supply 30% of processors for the upcoming new iPhone, expected later this year. Samsung Elect Ltd was previously the sole supplier of the A9 chip for the next iPhone. Rare earth and metal product manufacturer Molycorp secured a 10-year deal to supply Siemens with rare earth magnets. Siemens will use the magnets in its high-efficiency, direct-drive wind turbines. The US consumer price index increased slightly 0.2% in March, thanks to rising gas prices. Between February and March, gas prices jumped 3.9%. China, the world’s largest car market, has not been as profitable as some automakers had hoped. Both BMW and Volkswagen have reported a drop in car sales in China. SIGN UP for the Spend Matters newsletter Dirty Rotten Spendrels Discuss this: Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.