Finnish vendor Nokia announced plans to invest €360 million ($391.6 million) in software, hardware and chip design in Germany, with the aim of advancing Europe’s competitiveness in the field of microelectronics for technologies including future 6G systems and artificial intelligence (AI).
Nokia said that this new investment will be made at its Ulm and Nuremberg sites, as part of a European Commission Important Projects of Common European Interest (IPCEI) initiative. The investment will be funded by Nokia and the German Federal Ministry of Economics and Climate Protection (BMWK) and the German states of Baden-Württemberg and Bavaria.
