Tim Hardwick
Apple has significantly increased its investment offer for Indonesia, now offering $1 billion in an attempt to resolve the current ban on sales of the iPhone 16 in the country, according to the country's Investment Minister Rozan Roeslani (via Reuters).
Speaking to lawmakers on Tuesday, Roeslani said the government expects to receive a written commitment from Apple within a week. “Whoever benefits from the sales should invest here, create jobs here,” he added. The investment is described as the “first phase” of Apple's potential involvement in the country. The offer marks a tenfold increase from Apple’s previous proposal earlier this month.
The talks follow Indonesia’s October ban on the iPhone 16 after authorities determined that Apple had failed to meet the country’s requirement for 40% domestic content in the smartphones. The government previously rejected Apple’s initial $10 million offer, followed by a $100 million offer that included plans for R&D facilities and developer academies.
The government is particularly keen for Apple to establish local manufacturing partnerships and source components domestically. Apple has supported developer academies in Indonesia since 2018, but there are currently no Apple manufacturing facilities in the country. Apple did not respond to requests for comment on the latest investment proposal.
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