Indonesia Collects Wealth as Apple CEO Tim Cook Explores Manufacturing Prospects
Apple Inc (NASDAQ: AAPL) is considering the establishment of a manufacturing facility in Indonesia, as revealed by CEO Tim Cook during discussions with President Joko Widodo, aimed at enhancing local content and fostering partnerships with domestic enterprises.
Cook, who arrived in Jakarta after a visit to Vietnam, engaged in discussions with President Jokowi regarding the potential for Apple’s manufacturing presence in Indonesia. Following the meeting, Cook expressed Apple’s willingness to explore the President’s aspiration for manufacturing within the country.
Despite the absence of existing manufacturing facilities in Indonesia, Apple has made significant strides in the region by establishing app developer academies since 2018, with the latest addition being the fourth academy located on the island of Bali, amounting to a total investment of $99 million.
Industry Minister Agus Gumiwang Kartasasmita, present at the meeting, highlighted Indonesia’s readiness to facilitate Apple’s manufacturing endeavors, emphasizing the potential for export-oriented production. Discussions centered on the possibility of Apple’s Indonesian facility integrating into the global supply chain, with opportunities for collaboration with local companies to source components.
While Apple has met Indonesia’s 35% local content requirement through investments in developer academies, the government aims to further enhance local content through the establishment of manufacturing facilities. Cook’s discussions with President Jokowi underscore Apple’s commitment to deepening its engagement in Indonesia’s burgeoning tech market.
With its vast and tech-savvy population, Indonesia presents a lucrative market for tech-related investments, positioning the Southeast Asian nation as a pivotal target for Apple’s manufacturing and business expansion endeavors.
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