Apple sends $100 million investment proposal to build plant in Indonesia

Apple has proposed a $100 million investment to build an accessories and components plant in West Java, Indonesia. The move follows a ban on iPhone 16 sales in the country due to non-compliance with Indonesia's regulation requiring 40% locally-mad...

By Reuters | Updated: Nov 20, 2024, 05.43 PM IST

Tech giant Apple has sent a $100 million investment proposal to Indonesia to build a plant for accessories and components, the industry ministry said on Wednesday.

The proposal for a plant in West Java came after Indonesia banned sales of Apple's iPhone 16 for its failure to meet local rules. Indonesia requires certain smartphones sold domestically to comprise at least 40% locally-made parts.

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