Companies|The network equipment company is making a large, multi-year investment in the United States. The money is mainly used for research and product development.
Network equipment company Nokia plans to invest four billion dollars, or about 3.5 billion euros, in the United States.
The money is used for research and product development, as well as for the development of networks utilizing artificial intelligence. It is a multi-year investment. Part of the investment goes directly into production.
“Nokia’s innovation and technology are fundamental to today’s critical network infrastructure,” stated the CEO in the press release Justin Hotard.
Nokia details that the effects connected to manufacturing are felt in the states of Texas, New Jersey and Pennsylvania, among others.
of the United States Minister of Trade Howard Lutnick on the other hand, he said that the investment is “another profit [presidentti Donald] Trump’s to the administration”.
Formerly Nokia has bought From the United States, Infinera, which specializes in optical networks, for 2.3 billion dollars, or about 2.1 billion euros.
An investment plan after the announcement, Nokia’s share was up about one percent in the United States, and on the Helsinki Stock Exchange it was down about 1.5 percent.
On Wednesday, the company announced to simplify its operating method and organization to better suit the age of artificial intelligence. The reform did not convince investors, as the share fell more than five percent on the Helsinki Stock Exchange on Wednesday.