Apple’s Indonesia iPhone 16 ban drama will probably end with $1 billion investment
Indonesia’s president has agreed to a $1 billion deal with Apple that if approved, will build two factories that will ultimately produce 20% of the world’s AirTag supply.
Sources familiar with the matter claim that Indonesia President Prabowo Subianto gave his approval to the deal, after apparently getting a brief over the weekend. Also according to the sources, Prabowo is seeking more investments from Apple in the future.
Apple has reportedly picked the island of Batam to build the AirTag factory. It is expected to initially employ 1000 workers, and the location will provide tax and import benefits to Apple.
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Source: AppleInsider News
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