Jakarta. Five major US companies are set to invest a combined total of $23.21 billion in Indonesia, yet one high-profile name is notably missing from the list: Apple. Despite longstanding anticipation from the Indonesian government, the tech giant has yet to confirm its investment commitment.

According to data from Indonesia’s Coordinating Ministry for Economic Affairs, the planned investments will come from ExxonMobil, Oracle, Microsoft, Amazon Web Services (AWS), and General Electric (GE).

The United States is currently Indonesia’s fifth-largest foreign investor and second-largest trading partner, accounting for 11.22 percent of Indonesia’s exports in 2024.

These new investment pledges come on the heels of a bilateral trade agreement between Indonesia and the United States, which includes a tariff reduction for Indonesian goods from 32 percent to 19 percent. In return, Jakarta offered to increase US imports and investments worth $35 billion to help ease Washington’s trade deficit with Indonesia.

Breakdown of US Investment Plans in Indonesia:

• ExxonMobil: $10 billion for a carbon capture and storage (CCS) facility
• Oracle: $6.5 billion to build a data center in Batam
• Amazon Web Services: $5 billion to expand AI and cloud computing infrastructure
• Microsoft: $1.7 billion for cloud and AI infrastructure over several years
• General Electric (GE): GE Healthcare will invest $10.9 million to establish Indonesia’s first CT scanner production facility this year

Coordinating Minister for Economic Affairs Airlangga Hartarto specifically mentioned Oracle’s expansion plans in Batam, saying, “Oracle is in discussions to replicate its operations from Johor, Malaysia, with a targeted investment of up to $6.5 billion.”

Apple’s Investment Still in Question
Apple, once expected to invest $1 billion in a planned AirTag manufacturing plant in Batam, has yet to move forward with its commitment. The Indonesian government previously pressured Apple to increase its local investment -- at one point delaying the release of the iPhone 16 in the country until local content requirements were met.

However, a recent trade deal between the two countries included the removal of local content requirements for American firms selling products in Indonesia, further clouding the outlook for Apple’s investment.

Despite the uncertainty, Indonesia remains hopeful. Riyatno, deputy chairman of the Investment Coordinating Board (BKPM), expressed optimism that Apple’s plans will eventually materialize, citing the company's land acquisition in Batam.

“We remain optimistic that Apple will follow through, especially since they’ve already purchased land for their planned investment,” Riyatno said last week.

Apple’s proposed facility in Batam would be developed not directly by the company, but through its Asian manufacturing partner, Luxshare-ICT.