Apple’s latest smartphone, the iPhone 16, is currently unavailable in Indonesia—Southeast Asia’s largest economy—after the Indonesian government blocked the sale of the series last month because it didn’t meet the country’s 40% domestic content requirements for smartphones and tablets.
Now, Apple is looking to invest almost $100 million in a bid to get Jakarta to lift its ban, Bloomberg reports. The $100 million investment would be spread out over two years and is 10 times more than the $10 million Apple reportedly proposed earlier this month. In its earlier proposal, Bloomberg said, citing unnamed sources, Apple would invest in a factory making accessories and components for its gadgets.
