Apple has reportedly committed $1 billion to Indonesia, according to Investment Minister Rosan Roeslani, marking a potential resolution to the country’s ban on the iPhone 16 and Watch 10. The ban stemmed from Apple’s failure to meet Indonesia’s Domestic Component Level (TKDN) certification, which requires 40% local content via manufacturing, software development or R&D.
If confirmed, the investment suggests Apple’s long-term plans to expand production and manufacturing in Southeast Asia’s largest economy. A formal announcement is expected next week.
Read more – https://www.gsmarena.com/apple_has_allegedly_committed_1b_in_indonesia_investment_-news-65588.php
