Apple reportedly applies for a US$10 million investment in Indonesia after iPhone 16 ban

After the Indonesian government banned the sale of the iPhone 16 due to Apple's lack of domestic investment, the company has reportedly applied for an investment of 10 million US dollars (Rp. 158.4 billion) for local suppliers and a factory near Jakarta.

The Indonesian government banned the sale of the iPhone 16 due to a lack of domestic investment by Apple. The company is now reportedly proposing a new investment of US$10 million (Rp. 158.4 billion) for a local supplier and factory near Jakarta. The factory produces accessories and components for Apple devices, according to unnamed sources.

The iPhone ban in Indonesia will take effect at the end of October 2024, as the government seeks to encourage more investment in the domestic manufacturing sector. Apple has not yet fulfilled its promised investment commitments.

According to a Bloomberg report, Apple has submitted this proposal to the Ministry of Industry, which is currently considering it. A decision regarding this matter is expected to be announced soon, although there has been no official comment from the Ministry of Industry or Apple.

However, the proposed investment value of US$10 million is still not enough to meet Apple's obligations. Previously, this company had committed to investing US$ 109.6 million (Rp. 1.7 trillion) in Indonesia, but so far only around US$ 94.53 million (Rp. 1.49 trillion) has been realized.

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Like other foreign companies in Indonesia, Apple is required to have a Domestic Component Level (TKDN) certificate which requires 40% of components or services to be sourced domestically. Apple's previous TKDN certificate has expired.

This US$ 10 million investment is a new step for Apple, which previously focused more on what the government called innovation development through the establishment of the Apple Academy. In April 2024, Apple inaugurated its fourth Developer Academy in Indonesia.

"We are very pleased with the growing developer community in Indonesia," said Apple CEO Tim Cook, at the time, "and we look forward to investing more in successful developers with our fourth academy in the country."

English, Chinese, Japanese, Arabic and French versions are automatically generated by artificial intelligence. Therefore, there may still be inaccuracies in the translation, please always refer to the original Indonesian text. (technology.id/pita)

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