Indonesia says Apple is investing $1 billion, as it tries to resume iPhone 16 sales in the country:“You get benefits here. You invest here,” says minister

Indonesia’s government is poised to receive a $1 billion investment commitment from Apple, potentially resolving a recent sales ban that halted iPhone 16 sales in the country, Reuters reported.
The investment stems from Indonesia’s strict local content requirements, which mandate that domestically sold smartphones comprise at least 40% locally-manufactured components. Apple currently fails to meet these regulations, prompting authorities to suspend iPhone 16 sales nationwide.