Apple Plans $1 bln Manufacturing Plant Investment in Indonesia, Minister Says

APPLE - JAKARTA. Tech giant Apple plans to invest $1 billion in a manufacturing plant in Indonesia that produces components for smartphones and other products, Indonesia's investment minister said on Thursday.

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In October, Indonesia banned sales of the iPhone 16 because it said Apple had not adhered to rules that require phones sold domestically to have at least 40% locally made parts. And this week, the government said it would increase the local content requirement.