Apple has now pledged to invest $100 million (~RM4467502884.00) in Indonesia to remove the ban on the sale of the iPhone 16 series. Previously, the company faced sanctions for failing to meet the investment commitment of IDR 1.71 trillion (~$107 million) promised to the Indonesian government for the development of a local R&D centre.
Earlier this month, Apple announced a $10 million (~RM44672769.68) investment to build an accessory and component factory in Bandung as an initial step. However, this figure has now jumped tenfold with the promise of a $100 million investment to be realised within two years.
The specific location of the additional $90 million (~RM402064,00917) investment has yet to be announced, but Apple is expected to have several strategic options. One of them is asking manufacturing partners like Foxconn to provide a team of developers in Indonesia.
Indonesia is an important market for Apple, with an estimated 354 million active mobile phones in the country. Apple has also previously established four developer academies in Indonesia to train students and engineers. By injecting $100 million in funds in Indonesia, this is seen as a long-term investment by Apple in the country.
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