Two days ago, we reported that the Indonesian government is seeking a $1 billion investment scheme from Apple. As you recall, the iPhone 16 Series is currently blocked in the country due to failing to meet the local investment requirement.
Apple initially proposed a $100 million investment for Indonesia to continue its business but the government rejected it, saying it wasn't enough. $1 billion is a hefty amount but would Apple be obliged? Well, according to Indonesian investment minister Rosan Roeslani, he told the reporters that the discussion is still ongoing. He hopes everything will be announced next week after receiving a written commitment from Apple.
Below is the official excerpt from Rosan:
"We will discuss with them some more ... our hope is for everything to be announced in the next week after receiving a written commitment from them," he said.
Reuters reported that the $1 billion investment will be a manufacturing plant that produces components for phones and other products. In case you didn't know, Apple has no manufacturing facilities in Indonesia. But the company has already set up a few application developer academies there. This strategy is enough to meet local content requirements to sell older iPhone models.
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