Apple has allegedly committed $1B in Indonesia investment

We have a new development in the ongoing Apple – Indonesia saga. Indonesia’s Investment Minister, Rosan Roeslani, confirmed to local lawmakers that Apple has now allegedly committed a $1 billion investment in the country. The news comes after Apple proposed investments of $100 million and $10 million last month after initially committing IDR 1.71 trillion ($109 million) in local R&D facilities.

Whoever benefits from the sales must invest here, create jobs here. What's important is how the global value chain moves here, because once it does, suppliers follow. - Rosan Roeslani, Indonesia Investment Minister

Roeslani also added that he expects Apple to formally announce its investment commitment next week. The news marks a potential resolution to Apple’s ongoing iPhone 16 and Watch 10 ban in Indonesia. Cupertino’s products were banned due to unmet investment commitments.

As per 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 fulfill those requirements by either manufacturing products locally, developing software locally or setting up R&D centers.

Indonesia is Southeast Asia’s largest economy, and Apple has reportedly considered expanding its production of accessories and components locally. If the new investment figure is confirmed, Apple could be looking at a long-term manufacturing commitment in Indonesia..

Source