We have a new development in the ongoing Apple-Indonesian saga. Indonesian Investment Minister Rosan Roeslani confirmed to local lawmakers that Apple has now reportedly made a $1 billion investment in the country. The news comes after Apple proposed investments $100 million And $10 million last month, after initially committing IDR 1.71 trillion ($109 million) in local R&D facilities.
Those who benefit from the turnover must invest here and create jobs here. What’s important is how the global value chain moves here, because once it does, the suppliers will follow. – Rosan Roeslani, Minister of Investments of Indonesia
Roeslani also added that he expects Apple to formally announce its investment commitment next week. The news marks a possible solution to Apple’s ongoing problems iPhone 16 and Watch 10 banned in Indonesia. Cupertino’s products were banned due to unfulfilled investment obligations.
Under Indonesian law, foreign companies must provide 40% local content to operate in the country as part of the Domestic Component Level (TKDN) certification. Companies can meet these requirements by producing products locally, developing software locally or setting up R&D centers.
Indonesia is Southeast Asia’s largest economy and Apple has reportedly considered expanding production of accessories and components locally. If the new investment figure is confirmed, Apple could look at a long-term production commitment in Indonesia.