The Indonesian Ministry of Industry has secured a beneficial agreement with Apple following negotiations on the company's investment commitments for the 2023-2029 period. The deal ensures increased foreign investment, technology transfer, and expanded local production, strengthening Indonesia’s position in the global supply chain. Apple has opted to continue using the "Scheme 3" model for meeting domestic component level (TKDN) certification requirements, which focuses on innovation investments. The company has fulfilled its previous obligations for the 2020-2023 investment period, amounting to US$10 million. To address prior unmet commitments, Apple agreed to additional investments, including the establishment of a US$150 million AirTag accessory manufacturing plant in Batam, Riau Islands, in collaboration with ICT Luxshare. This factory will make Indonesia the supplier of 65 percent of the global AirTag market, with locally sourced batteries. Apple is also setting up a production line at PT Long Harmony Industry in Bandung to manufacture mesh fabric for AirPods Max, further integrating Indonesia into its Global Value Chain (GVC).In the new negotiation cycle, rather than extending previous terms, Indonesia and Apple agreed to start a fresh investment cycle. Under this agreement, Apple will bring US$160 million in hard cash to fulfill its commitments.Source : https://indonesiabusinesspost.com/3702/corporate-affairs/indonesia-secures-deal-with-apple-in-investment-negotiations (ICE GIACARTA)

Fonte notizia: Indonesia Business Post, 27/02/2025