Following Indonesia's ban of the iPhone 16 because Apple has not invested enough in the country, the company has reportedly offered $10 million.

Indonesia’s iPhone ban is an example of the pressure Prabowo Subianto’s government is putting on multinationals to boost local manufacturing.

Apple is said to be planning to invest nearly $10 million in its Indonesian manufacturing operations. The tech giant hopes this would lift the ban on the latest iPhone 16 model. The ban was imposed for not complying with the country's 40% domestic content requirement for smartphones and tablets.

Apple ( AAPL, Financials) is proposing a $10 million investment to meet Indonesia's local manufacturing requirements, aiming to lift a recent ban on the sale of its new iPhone 16 models, Bloomberg News reported, citing sources.

Apple has enticed the Indonesian government with an investment proposal worth around $10 million, in its efforts to have a ban on its latest iPhone revoked.

Indonesia said it has banned sales of smartphones made by Alphabet's Google due to rules requiring the use of locally manufactured components, days after blocking sales of tech giant Apple's iPhone 16 for the same reason.

Apple (AAPL) has proposed to invest about $10M to make additional goods in Indonesia, to have a ban on the sales of its new iPhone 16 models lifted.

Apple Inc. has proposed investing almost $10 million to make additional goods in Indonesia, according to people familiar with the matter, as it seeks to have the country’s ban on sales of its latest iPhone removed.

Indonesia announced it has prohibited the sale of smartphones produced by Alphabet's Google, citing regulations mandating the use of locally manufactured components. This move comes just days after it imposed a similar ban on sales of Apple's iPhone 16.