From this amount, 3.5 billion dollars will be allocated for research and development activities, while 500 million dollars will be designated for production and capital expenditures in states such as Texas, New Jersey, and Pennsylvania. The Finnish company, which owns Bell Labs in New Jersey, recently presented a strategy focused on streamlining operations and integrating AI into telecommunications networks. This decision comes after a profit warning in July, in the context of trade tariffs and a weak dollar. Nokia, along with Ericsson and Samsung, remains one of the main options in the telecom equipment market in the US, where there is no major domestic manufacturer. CEO Justin Hotard emphasized that Nokia is concentrating its activities in countries that prioritize Western technology.
Sources