Apple Inc. has significantly increased its investment proposal in Indonesia to approximately $100 million over two years, in a bid to reverse a ban on the sale of the iPhone 16 imposed by the Indonesian government.

The company previously planned to invest $10 million in a factory in Bandung, but the Indonesian Ministry of Industry blocked the phone's sale, citing Apple's failure to meet a 40% domestic content requirement.

Apple's revised proposal aims to address these concerns by focusing on research and development.

After initial talks, the Ministry has yet to make a final decision on this new offer.

This strategy reflects similar measures taken under previous administrations, pushing firms to increase local manufacturing.

The outcome of this proposal could impact Apple's access to Indonesia's sizeable consumer base and influence other foreign companies' investment decisions in the nation.

If approved, it's unclear which firms within Apple's supply chain might benefit from this investment.