Reported 21 days ago
Apple Inc. is proposing an investment of nearly $10 million to establish a factory in Indonesia, aiming to lift the recent ban on its iPhone 16 sales. The Indonesian government blocked the iPhone's sale due to Apple’s failure to meet a 40% local content requirement. This move reflects President Prabowo Subianto's push for increased local manufacturing. While the investment could improve relations, it may deter other international companies from entering the Indonesian market due to the government's strict requirements.
Source: YAHOO