Fast Technology, November 26th news. According to media reports, Indonesia's Ministry of Industry stated that Apple's proposed $100 million investment plan was insufficient to convince the Indonesian government to approve the sale of the latest iPhone 16 model.

Previously, Indonesia banned the sale of iPhone 16 locally due to Apple's failure to meet Indonesia's requirement that smartphones must contain at least 40% locally manufactured components.

Indonesia's Minister of Industry, Agus Gumiwang Kartasasmita, pointed out at a press conference that Apple's proposal "did not meet the principles of fairness" and compared it to Apple's larger investments in neighboring countries like Vietnam and Thailand.

He noted that Apple also has a $10 million investment commitment that was supposed to be completed by 2023, and he also expressed hope that Apple would commit to new investments by 2026.

Mobile phone and tablet manufacturers must meet Indonesia's 40% domestic content requirement, with the specific proportion depending on their business scale in Indonesia. Companies can fulfill these requirements by manufacturing equipment, developing firmware, or investing in innovation in Indonesia.

Apple does not have a manufacturing plant in Indonesia. Although Apple established an App Developer Academy in Indonesia in 2018, Indonesia has stated that Apple's investment in Indonesia through the academy was only IDR 1.5 trillion, far short of the promised IDR 1.7 trillion.