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Apple plans $1 billion manufacturing plant investment in Indonesia, minister says
Economic Times
·
8m ago
Medial
Apple plans to invest $1 billion in a manufacturing plant in Indonesia to produce components for its products, according to Indonesia's investment minister. The move comes after Indonesia banned sales of the iPhone 16 due to Apple's failure to meet local content requirements. The government recently increased the local content requirement, prompting Apple to consider the investment. However, details are still being finalized, and a written commitment from Apple is expected. The tech giant currently has no manufacturing facilities in Indonesia but has set up application developer academies to meet local content requirements in the past.
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Indonesia to meet Apple on investment proposal, official says
Economic Times
·
7m ago
Medial
Indonesia's industry ministry is meeting with Apple to discuss investment plans necessary for selling the iPhone 16 locally, following a ban due to unmet local content requirements. Apple, lacking manufacturing sites in Indonesia, previously committed $10 million. It now needs a new investment for 2024-2026 to align with local mandates. Discussions include a proposed $1 billion investment from Apple to establish a manufacturing plant for smartphone components.
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Apple close to winning Indonesian approval to end iPhone 16 ban
Economic Times
·
7m ago
Medial
Apple is close to lifting the ban on iPhone 16 sales in Indonesia after President Prabowo Subianto approved a $1 billion investment from the tech giant. Indonesia initially banned the sale of the flagship device due to noncompliance with domestic content requirements. Apple presented an expanded investment plan, including setting up a plant in Batam to produce AirTags and another plant in Bandung for accessories. The investment aims to gain access to Indonesia's large consumer base and support the government's efforts to boost local manufacturing. However, there is no official timeline for the resumption of iPhone sales.
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Indonesia says Apple's $100 million investment proposal inadequate
Economic Times
·
8m ago
Medial
Indonesia has rejected a $100 million investment proposal from Apple to build an accessory and component plant, stating that it falls short of the requirements necessary for the tech giant to sell its latest iPhone there. In November, Indonesia banned sales of Apple's iPhone 16 for not meeting the domestic requirement of 40% locally-made parts. The country has also banned sales of Google Pixel phones for a similar reason. Indonesia's Industry Minister, Agus Gumiwang Kartasasmita, expressed that the proposal did not align with principles of fairness.
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Apple CEO Tim Cook says looking into possibility of building manufacturing facility in Indonesia
Economic Times
·
1y ago
Medial
Apple CEO Tim Cook has expressed interest in the possibility of building a manufacturing facility in Indonesia. The announcement came after his meeting with President Joko Widodo, during which they discussed the country's desire to see increased manufacturing. Currently, Apple's manufacturing is largely based in Vietnam, with some suppliers in Indonesia. However, Apple has established four Apple Developer Academies in Indonesia, indicating their recognition of the country's tech-savvy population and potential as a key market for investment.
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Apple says it wants to spend more on suppliers in Vietnam
Economic Times
·
1y ago
Medial
Apple CEO Tim Cook has expressed a desire to increase the company's investment in Vietnam, a key manufacturing hub for the tech giant. Cook's statement came during a meeting with Vietnamese Prime Minister Pham Minh Chinh, who pledged to establish a working group to support Apple's investment. Additionally, Apple announced plans to increase spending on suppliers in Vietnam, reaching around $15.84 billion and creating 200,000 jobs. The company manufactures various products in Vietnam, including iPads and AirPods, and its suppliers, such as Foxconn, are investing in the country.
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Apple weighs manufacturing in Indonesia amid diversification drive
Livemint
·
1y ago
Medial
Apple CEO Tim Cook has stated that the company is considering manufacturing some of its products in Indonesia. Cook made the announcement after a meeting with Indonesian President Joko Widodo, where they discussed potential investment opportunities in the country. At present, Apple does not have a manufacturing base in Indonesia, and most of its assembly is done in China. However, the company has been looking to diversify its supply chain in recent years, including increasing production in India and boosting spending on suppliers in Vietnam. No specific details or timeline for investment in Indonesia were provided.
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Apple’s $1 Billion Investment May Be Fleeting Win for Indonesia
Livemint
·
7m ago
Medial
Indonesia's manufacturing growth may be hindered by its protectionist policies, despite the country's recent victory in securing a $1 billion investment from Apple. While Indonesia is aiming for high-income economy status by 2045, analysts warned that its use of domestic content requirements could deter foreign investors and raise costs. The policies could also create obstacles for foreign investors as technology advances and the domestic manufacturing capacity struggles to keep up. In contrast, countries like Vietnam and India are offering tax incentives and more favorable conditions for companies looking to produce for export.
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Foxconn plans to invest ₹424 crore in semiconductor JV with HCL | Mint
Livemint
·
10m ago
Medial
- Foxconn plans to invest up to ₹424 crore in a semiconductor joint venture (JV) with HCL Group. - The iPhone manufacturer purchased a 40% stake in the JV for nearly ₹312 crore. - The investment will be used for the Foxconn-HCL OSAT plant to be set up in India. - Foxconn has invested ₹246 crore in the JV through its subsidiary Big Innovation Holdings. - The company has invested more than $1.4 billion in India and employs over 48,000 people in the country. - Foxconn is manufacturing Apple iPhones in India and has plans to set up an EV and battery plant in the country.
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Jabil invests $125 mn in Gujarat for silicon photonics unit
Inshorts
·
5m ago
Medial
Apple vendor Jabil plans to establish a silicon photonics manufacturing factory in Gujarat with an investment of around $125 million. As per news agency PTI, the electronics manufacturing company signed a memorandum of understanding (MoU) with the Gujarat government for setting up the plant during the IESA Vision Summit in the state capital Gandhinagar.
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Apple to create 20,000 US jobs as Tim Cook announces $500B investment; says, ‘We are bullish on the future!’ | Company Business News
Livemint
·
5m ago
Medial
Apple has announced a $500 billion investment in the United States over the next four years, creating 20,000 jobs focused on R&D, silicon engineering, software development, AI, and machine learning. A manufacturing facility in Houston will open in 2026 and an Apple Manufacturing Academy in Detroit aims to advance businesses' manufacturing techniques. This investment aligns with Apple's strategy to strengthen US-based innovation and technological development.
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