Indonesia expects $1 billion investment commitment from Apple in a week, minister says By Reuters

JAKARTA (Reuters) – Indonesia is expecting to get a $1 billion investment commitment from tech firm Apple Inc (NASDAQ:) in a week, its investment minister said on Tuesday, after the government banned iPhone 16 sales for failing to meet its local content rules.

Minister Rosan Roeslani told lawmakers in a hearing that Indonesia expects more investment if Apple decides to make Indonesia part of its supply chain.