U.S company Noveon Magnetics raises $215 million to expand homegrown rare earth magnet supply — $630 million spent in 2025 on American reshoring efforts to divest from Chinese reliance

January 21, 2026

, By Tom’s Hardware

U.S company Noveon Magnetics raises 5 million to expand homegrown rare earth magnet supply — 0 million spent in 2025 on American reshoring efforts to divest from Chinese reliance

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a snippet from the HBM roadmap article — (Image credit: Future)

Texas-based rare-earth magnet company, Noveon Magnetics, has raised $215 million from investors to expand its U.S. operations in an effort to improve American access to these highly important magnets, data-analytics-id=”inline-link” href=”https://www.wsj.com/finance/rare-earth-magnet-maker-raises-215-million-to-amp-up-u-s-supply-db5cec42″ target=”_blank” data-url=”https://www.wsj.com/finance/rare-earth-magnet-maker-raises-215-million-to-amp-up-u-s-supply-db5cec42″ referrerpolicy=”no-referrer-when-downgrade” data-hl-processed=”none” data-mrf-recirculation=”inline-link”>WSJ reports. Although this investment is designed to increase America’s home-grown supply of magnets, which are critical to a number of manufacturing industries, scaling up production can take years, so this is unlikely to solve the U.S….

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U.S company Noveon Magnetics raises $215 million to expand homegrown rare earth magnet supply — $630 million spent in 2025 on American reshoring efforts to divest from Chinese reliance

January 21, 2026

, Published By Tom’s Hardware

U.S company Noveon Magnetics raises 5 million to expand homegrown rare earth magnet supply — 0 million spent in 2025 on American reshoring efforts to divest from Chinese reliance

Tom’s Hardware Premium Roadmaps

a snippet from the HBM roadmap article — (Image credit: Future)

Texas-based rare-earth magnet company, Noveon Magnetics, has raised $215 million from investors to expand its U.S. operations in an effort to improve American access to these highly important magnets, data-analytics-id=”inline-link” href=”https://www.wsj.com/finance/rare-earth-magnet-maker-raises-215-million-to-amp-up-u-s-supply-db5cec42″ target=”_blank” data-url=”https://www.wsj.com/finance/rare-earth-magnet-maker-raises-215-million-to-amp-up-u-s-supply-db5cec42″ referrerpolicy=”no-referrer-when-downgrade” data-hl-processed=”none” data-mrf-recirculation=”inline-link”>WSJ reports. Although this investment is designed to increase America’s home-grown supply of magnets, which are critical to a number of manufacturing industries, scaling up production can take years, so this is unlikely to solve the U.S….

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Era of ‘Global Water Bankruptcy’ Is Here, UN Report Says

Next News

It’s Ugly Out There. GPU Price Checks Reveal Big Hikes As Memory Crunch Hits

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