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Indonesia expects $1 billion investment commitment from Apple in a week, minister says

3 weeks ago

Less than a minute

2024.12.03 05:05

© Reuters. An Apple logo is pictured in an Apple store in Paris, France, March 6, 2024. REUTERS/Gonzalo Fuentes/File photo

JAKARTA (Reuters) – Indonesia is expecting to get a $1 billion investment commitment from tech firm Apple Inc (NASDAQ:) in a week, its investment minister said on Tuesday, after the government banned iPhone 16 sales for failing to meet its local content rules.

Minister Rosan Roeslani told lawmakers in a hearing that Indonesia expects more investment if Apple decides to make Indonesia part of its supply chain.

3 weeks ago

Less than a minute

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