Apple CEO Meets Indonesian President to Discuss Investment Plans

Technology Author: EqualOcean News, ChenZhiheng、JiangShan Apr 19, 2024 04:07 PM (GMT+8)

Apple's CEO, Tim Cook, made a notable entrance into Jakarta on April 17th, where he engaged in discussions with Indonesian President Joko and a cadre of ministers regarding Apple's strategic investment initiatives within the nation. Cook voiced his endorsement of Indonesia's investment milieu, underscoring its substantial potential for investment and designation as a prime destination for high-caliber investment opportunities.

Post their deliberations, Cook articulated, "We delved into the president's vision for advancing Indonesia's domestic manufacturing sector, a trajectory that Apple is earnestly contemplating." Furthermore, Apple is mulling over the establishment of a manufacturing facility in Indonesia, along with fostering local talent through the Apple Academy Digital program. Presently, three Apple Developer Academies are operational in Batam, Tangerang BSD, and Surabaya, with plans for a fourth in Bali, envisaging a total investment outlay of 1.2 trillion Indonesian rupiah.

Indonesian Minister of Communications and Information, Budi, divulged that the discussions between President Joko and Cook yielded constructive outcomes. Both parties concurred on strategies to seamlessly integrate Indonesia into the global technology supply chain and addressed other pertinent issues. President Joko voiced his aspiration to ramp up Apple's component production within Indonesia, while also expressing hopes for Apple's involvement in propelling the smart city agenda within Indonesia's new capital.

Indonesian Industry Minister, Agus, delineated that Apple has two avenues for establishing a manufacturing presence in Indonesia: either by erecting its facility or by leveraging locally produced components. He underscored the imperative of generating value addition and augmenting employment prospects within Indonesia.

Apple's envisaged establishment of a manufacturing facility in Indonesia holds the promise of assimilating Indonesia into the global supply chain, bolstering its international clout, and catalyzing the growth of ancillary industrial ecosystems, encompassing component suppliers, logistics enterprises, among others, thereby fostering the socio-economic advancement of local Indonesian communities. Beyond Apple, Microsoft's CEO, Satya Nadella, is slated to embark on a visit to Indonesia by month-end.