Indonesia and Apple have reached an agreement to lift the country's ban on iPhone 16 models. The deal could be signed as early as this week, according to Bloomberg News sources.
The ban was imposed by Indonesia last October after Apple did not meet the requirement that domestically sold smartphones must contain at least 35% locally-made components.
In response, Apple intends to invest $1 billion in a manufacturing plant in Indonesia to produce smartphone components and other products. Additionally, Apple will provide training to locals in research and development through programs separate from its existing Apple academies.
Despite these commitments, Apple currently has no immediate plans to manufacture iPhones in Indonesia, as indicated in the report.
Both Apple and Indonesia's Ministry for Industry, responsible for enforcing the ban, have not yet responded to requests for comments from Reuters or Bloomberg.