counter easy hit

Apple now promises to invest $100 million in Indonesia to get rid of iPhone 16 ban

Apple now promises to invest $100 million in Indonesia to get rid of iPhone 16 ban
6

Last month the iPhone 16 series got banned in Indonesia, because of Apple having previously committed to investing IDR 1.71 trillion (approximately $107 million) in the country in local R&D facilities and then not meeting that commitment.

Earlier this month, Apple pledged around $10 million in investments in Indonesia in a new factory to circumvent the ban, and today the company has boosted that planned investment tenfold, up to $100 million – which incidentally is very, very close to the sum it was initially supposed to invest and didn’t.

Apple now promises to invest $100 million in Indonesia to get rid of iPhone 16 ban

The $100 million would be invested in Indonesia over the course of two years, according to people familiar with the matter (which hasn’t been publicly announced yet).

The $10 million previously pledged was to go to a factory making accessories and components in the city of Bandung. It’s unclear where the other $90 million now offered will end up, but of course Apple has a lot of options, including asking its manufacturing partner Foxconn to establish assembly lines in Indonesia.

Source

Leave A Reply

Your email address will not be published.