JAKARTA, Jan 7 (Reuters) - Indonesia's industry ministry
will meet representatives from Apple ( AAPL ) on Tuesday to
discuss its investment in the country, a prerequisite for the
tech giant to sell its latest iPhone 16 locally, a ministry
official said.
Indonesia last year banned sales of Apple's ( AAPL ) iPhone 16 after
it failed to meet requirements that smartphones sold
domestically should comprise at least 40% locally-made parts.
Apple ( AAPL ) currently has no manufacturing facilities in
Indonesia, a market of 280 million people, but has since 2018
set up application developer academies in the country.
"Today, Apple's ( AAPL ) top brass will come to the Industry Ministry
to negotiate the outstanding investment commitment and Apple's ( AAPL )
proposal," Industry Ministry spokesperson Febri Hendri said.
Apple ( AAPL ) did not immediately respond to a request for comment.
Indonesia has previously said it requires Apple ( AAPL ) to commit to
new investments every three years and its last commitment, worth
$10 million, ended in 2023. It is required to make a new
commitment for 2024-2026 to meet the local content mandate.
Indonesia's has said Apple's ( AAPL ) plans to invest $1 billion in a
manufacturing plant that produces components for smartphones and
other products, details of which were still being ironed out.