Pegatron to invest $1 bn to produce chips for Apple

Taiwan electronics company Pegatron has signed a letter of intent to invest 10 trillion to 15 trillion rupiah or $695 million to $1 billion in an Indonesian factory to produce chips for Apple smartphones, Reuters reported.
Pegatron plans to produce the chips in partnership with Indonesian electronics company PT Sat Nusapersada, Deputy Minister Warsito Ignatius, said.

“The factory might also be used to produce MacBook components as well, but it would not be in the short term,” Warsito Ignatius said.