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Apple to Offer Indonesia $1 Billion in Investment to Stop iPhone 16 Sales Ban

  • Indonesia plans to increase requirements on local components for smartphones made and sold in the country, following a ban on Apple's iPhone 16 for not meeting the 40% requirement.
  • Deputy Minister Faisol Reza stated that details of the plan are still being discussed, with no set timeframe or increased ratio provided.
  • Indonesia is expected to receive a $1 billion investment commitment from Apple Inc, aimed at strengthening the domestic industry and job creation.
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  • 57% of the sources lean Right
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