The investment comes after Indonesia banned iPhone 16 sales in October, citing Apple’s failure to comply with local regulations. Current regulations require at least 40% of phones sold in Indonesia to have locally produced parts.
Details of the deal are still being finalized, but Apple’s commitment is expected to be confirmed next week, Roeslani said. Last week, the government rejected Apple’s previous proposal to build a $100 million accessories and components factory as inadequate.
Apple has not yet commented on its investment plans.
Source: Ferra
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