In a strategic move to diversify its production, Apple Inc. (NASDAQ:AAPL) has shown interest in expanding its manufacturing base to Indonesia, following CEO Tim Cook‘s discussions with the country’s president.
What Happened: On Wednesday, Apple CEO Cook revealed potential plans to explore manufacturing opportunities in Indonesia. This announcement follows his meeting with Indonesian President Joko Widodo, CNBC reported on Wednesday.
"We talked about the president's desire to see manufacturing in the country and it's something that we will look at,” he said.
"I think the investment ability in Indonesia is endless. I think that there's a lot of great places to invest. And we're investing. We believe in the country.”
During a press briefing, Cook expressed that Apple is considering the president’s interest in bringing manufacturing to Indonesia.
“It’s something that we will look at,” he stated, acknowledging the country’s investment potential.