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Apple CEO meets Indonesia leader to talk investments

ECONOMY 17.04.2024

Apple CEO meets Indonesia leader to talk investments / Photo: © AFP

Apple chief executive Tim Cook met Indonesia's president on Wednesday, as the tech giant explores ways to invest in Southeast Asia's biggest economy and diversify supply chains away from China.

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The visit comes as US President Joe Biden's administration seeks to boost other Asian trade partners' roles in the global tech supply chain to reduce American dependence on China.

Cook travelled to Indonesia's presidential palace in capital Jakarta to meet Joko Widodo, the outgoing leader more popularly known as Jokowi, who has promoted a burgeoning tech sector.

"Indonesia is a very important market for us. We talked about the president's desire to see manufacturing in the country, and it's something that we will look at," he told reporters.

"I think the investment ability in Indonesia is endless. We believe in the country," he added.

"It was a dialogue about how much potential there is in the country and our commitment to the country."

The iPhone-maker announced Tuesday it will expand its developer academies in Indonesia to four with a new facility on the Hindu resort island of Bali.

Indonesia has a young, tech-savvy population with more than 100 million people under the age of 30, but Apple is dominated in the smartphone market by Google's Android, according to statistics.

After arriving in Indonesia on Tuesday, Cook posted a picture of himself eating chicken satay.

"Looking forward to meeting even more of Indonesia's creative community and developers while I'm here," he wrote.

Minister of Communication and Informatics Budi Arie Setiadi last month said Cook's visit could involve talks on new Apple investments in Indonesia, including a smartphone factory.

"There are all possibilities, we'll see what the approach is, because there are a lot of Apple users in Indonesia," he said, local media reported.

Apple did not respond to an AFP request for comment about Cook's plans in Indonesia.

The company is yet to open an official store in Indonesia, forcing those who want its products to buy from resale platforms.

M.Hill--SFF

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