What will Apple's $1 billion be used for in Indonesia?

According to AppleInsider , the latest information from Indonesia's Investment Minister Rosan Roeslan said that Apple will invest 1 billion USD to build an iPhone component factory in this country. This move is considered an effort by the technology 'giant' to lift the ban on selling iPhone 16 currently applied in Indonesia.

Apple plans to build an iPhone component factory in Indonesia with a $1 billion investment

Will Apple build a billion-dollar factory in Indonesia to 'save' iPhone 16?

Previously, Indonesia issued a ban on the sale of the iPhone 16 because Apple failed to meet the requirement of localizing 40% of its components. Although Apple used to 'circumvent the law' by establishing development centers, it seems that Apple has had to change its strategy under pressure from the Indonesian government.

Mr. Roeslan also revealed that the localization rate requirement will be increased in the future, but the specific number is not clear. Apple has not yet made any official comments on this information.

Previously, Apple twice offered to invest in Indonesia with amounts of 10 million USD and 100 million USD respectively, but were rejected by the government because it was considered not enough to demonstrate a serious commitment.

Apple’s decision to invest $1 billion to build a factory in Indonesia shows the company’s determination to penetrate this potential market. At the same time, this is also a positive signal that the Indonesian government is making efforts to attract foreign investment and develop the domestic high-tech industry.

Source: https://thanhnien.vn/1-ti-usd-cua-apple-se-duoc-dung-cho-muc-dich-gi-tai-indonesia-185241207105143674.htm