The ongoing negotiations follow Indonesia's October 28 ban on iPhone 16 sales, implemented after authorities determined Apple had not met the country's requirement for 40% domestic content in smartphones. The government also claims Apple has invested only ...

Apple has offered $100 million to Indonesia as part of an effort to lift a recent ban of the iPhone 16 in the country, as reported by The Wall Street Journal. The company has presented an investment plan that would use that $100 million to set up a manufacturing plant in the nation.

Indonesia is set to assess a $100 million investment proposal from Apple Inc., as the American tech giant attempts to coax the government to unblock its sales ban on the iPhone 16.

Indonesia has set a rule that about 40% of the components of appliances imported into the country should be manufactured locally to promote local industries. Apple failed to meet this requirement, which saw iPhone 16 sales put on hold a few weeks after its launch in September.

Apple hikes its investment in Indonesia to $100M, hoping to end the iPhone 16 sales ban amid demands for more local content and R&D commitments.

The amount the U.S. tech giant has offered is 10 times higher than an initial plan to invest $10 million and will be invested over the next two years.

Apple has significantly raised its proposed investment in Indonesia to $100 million, a tenfold increase from its initial $10 million