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Denton Today
By the People, for the People
MP Materials Announces $1.25B Rare Earth Magnet Expansion in Northlake, Texas
New facility will create over 1,500 jobs and bolster U.S. semiconductor manufacturing independence
Published on Feb. 26, 2026
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Governor Greg Abbott announced that MP Materials Corp. will expand its presence in Texas by establishing a new rare earth magnet manufacturing campus in Northlake. The $1.25 billion investment will create more than 1,500 corporate, manufacturing, and engineering jobs. The new facility, dubbed '10X', will significantly expand MP Materials' production of high-performance neodymium-iron-boron (NdFeB) magnets to support U.S. semiconductor manufacturing and reduce dependence on foreign suppliers.
Why it matters
This expansion reflects Texas' strength in advanced manufacturing and skilled workforce, and will help accelerate America's leadership in critical semiconductor technologies by reducing reliance on foreign supply chains for essential rare earth magnets. The new facility is part of MP Materials' public-private partnership with the Department of Defense to advance U.S. rare earth and magnet independence.
The details
The new 'MP Materials 10X' campus will be located less than 10 miles from the company's existing Fort Worth operations. The facility will manufacture rare earth NdFeB magnets, which are critical components for advanced semiconductor chip fabrication. MP Materials says the new campus will dramatically expand its production capacity of high-performance NdFeB magnets to support U.S. semiconductor manufacturing.
- Governor Abbott announced the expansion on February 26, 2026.
- The new 'MP Materials 10X' campus is expected to be operational in 2027.
The players
Governor Greg Abbott
The Governor of Texas who announced the MP Materials expansion.
MP Materials
An American rare earth mining and processing company that is expanding its magnet manufacturing operations in Texas.
James Litinsky
The Founder, Chairman & CEO of MP Materials.
Senator Tan Parker
A Texas state senator representing the North Texas region.
Representative Mitch Little
A Texas state representative for the Denton County area.
What they’re saying
“10X is about building industrial strength at a scale the United States has not seen in generations, and the exceptional talent and infrastructure in North Texas make it possible.”
— James Litinsky, Founder, Chairman & CEO of MP Materials (texasinsider.org)
“When we pass smart, pro-growth policies, companies choose Texas — and this investment proves North Texas is leading America's industrial resurgence.”
— Senator Tan Parker (texasinsider.org)
“Denton County and all of North Texas are thrilled to see MP Materials deepen its roots in our community. These 1,500 new jobs represent the type of essential, skilled work that helps Texans achieve the American dream and makes our country more secure.”
— Representative Mitch Little (texasinsider.org)
What’s next
The new 'MP Materials 10X' campus is expected to be operational in 2027, ramping up production of rare earth magnets to support U.S. semiconductor manufacturing.
The takeaway
This major expansion by MP Materials in Texas demonstrates the state's leadership in advanced manufacturing and its ability to attract significant investments that strengthen U.S. supply chain resilience and technological competitiveness.
