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Benzinga
Benzinga
Business
Snigdha Gairola

MP Materials CEO James Litinsky Says US Can Beat China In AI Hardware Race—Backed By $400 Million Pentagon Deal To Secure Rare Earth Supply Chain

MP Materials MP United States Earth China
Su: U.S. Key to AI Chip Boom

MP Materials Corp. (NYSE:MP) CEO James Litinsky discussed the significance of rare earths in the AI industry and how the U.S. can secure its position in the global AI race.

What Happened: On Wednesday, while speaking on the All-In podcast, Litinsky highlighted the critical role of rare earth magnets in powering the AI industry.

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