Indonesian Investment Minister stated on Tuesday that Indonesia is expected to receive a $1 billion investment commitment from the technology company Apple within a week, after the government banned the sale of the iPhone 16 for not complying with local content regulations. Indonesia ceased selling this smart phone because it requires smart phones sold domestically to include at least 40% local manufactured components, a requirement that Apple stated it did not meet. A deputy minister stated on Tuesday that Indonesia plans to increase this requirement. Investment Minister Rosan Roeslani told lawmakers at a hearing that Indonesia expects to attract more investment if Apple decides to make the country part of its supply chain. Apple did not immediately respond to requests for comments.