On Tuesday, the Indonesian Investment Minister stated that Indonesia expects to receive a $1 billion investment commitment from apple within a week, following the government's ban on the sale of the iPhone 16 for not complying with the country's regulations.

Indonesia stopped selling the iPhone 16 because the country requires that smart phones sold domestically must contain at least 40% locally manufactured components, which apple stated it did not comply with.

A deputy minister mentioned on Tuesday that Indonesia plans to increase this requirement.

Investment Minister Rosan Roeslani told lawmakers at a hearing that if apple decides to make Indonesia part of its supply chain, the country expects to receive more investments.

Apple did not immediately respond to requests for comment.

Rosan stated, "Whoever benefits from sales must invest here and create jobs here. It is important how the global value chain develops here because once it starts to develop, suppliers will follow." He added that the investment commitment is part of the first phase.

Apple previously proposed a $0.1 billion investment plan to build a accessories and parts factory in Indonesia to lift the ban, but the Indonesian government rejected the proposal on the grounds of not complying with fair principles.