Nokia plans $360 mln investment in Germany
Technology
Nokia plans to invest in software, hardware and chip design in Germany.
(Reuters) - Finland's Nokia, opens new tab said on Wednesday it plans a 360 million euros ($391 million) investment in software, hardware and chip design at its Ulm and Nuremberg sites in Germany.
Nokia plans to invest €360 million in software, hardware and microelectronics in Germany as part of the European #IPCEI initiative. We are committed to supporting the competitiveness of the technology industry in Europe.
— Nokia (@nokia) January 17, 2024
Read our press release: https://t.co/jGKb60mHA6 pic.twitter.com/1OdizGEMnl
The four-year project is being funded by the company, the German Federal Ministry of Economics and Climate Protection and two German states, Nokia said in a statement.
