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.

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	Forwarded this email? Subscribe here for more Apple said to invest $1 billion in Indonesian manufacturing plant MacDailyNews Dec 5   READ IN APP   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: ‎ 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. ‎ 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. We are currently about 1/4th of the way to being sustainable with Substack subscriptions. Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! Upgrade to paid You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe