Apple said to invest $1 billion in Indonesian manufacturing plant

Indonesia’s investment minister said on Thursday that Apple plans to invest $1 billion in a manufacturing plant in Indonesia that produces components for smartphones and other products in order, at least in part (read: major part), to overcome the country’s iPhone 16 sales ban.
Reuters:
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In October, Indonesia banned sales of the iPhone 16 because it said Apple had not adhered to rules that require phones sold domestically to have at least 40% locally made parts. And this week, the government said it would increase the local content requirement.
Investment minister Rosan Roeslani told reporters that details of the planned investment were still being ironed out, but when asked confirmed it was the expected $1 billion investment he had flagged earlier this week.
“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.
Last week, the government had rejected a $100 million investment proposal from Apple to build an accessory and component plant as not enough to reverse the iPhone 16 ban.

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MacDailyNews Take: As we wrote on Tuesday:
This is how the game is played. If Apple wants access to a lucrative market, the lucrative market can (and should) demand something in return.

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