Apple Plans $100mn Indonesian Factory to Lift iPhone 16 Ban

CosmicTaco · 2024-11-21T14:57:49.020192+05:30

* Apple proposes a $100mn manufacturing facility in Indonesia to reverse the ban on iPhone 16 due to insufficient local investment. * The proposed factory in Bandung, West Java, will produce accessories and components. * The ban was imposed due to Apple's failure to meet the 40% local content requirement in handsets and tablets. Source: [Financial Times](https://www.ft.com/content/5a1140cc-75a3-4202-a413-e443344a1519)

Apple proposes a $100mn manufacturing facility in Indonesia to reverse the ban on iPhone 16 due to insufficient local investment.
The proposed factory in Bandung, West Java, will produce accessories and components.
The ban was imposed due to Apple's failure to meet the 40% local content requirement in handsets and tablets.

Source: Financial Times