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Nokia to invest $4bn in US for AI-driven devt

Finland’s Nokia on Friday announced plans to invest $4 billion in the United States, focusing on research, development, and production to advance AI-driven network technologies.

The telecom equipment maker said $3.5 billion will go toward R&D, while $500 million is earmarked for manufacturing and capital projects in states including Texas, New Jersey, and Pennsylvania.

“Our expanded investment will help strengthen the nation’s capacity ⁠to deliver greater security, productivity, and prosperity through AI-optimised ‍connectivity at ⁠scale,” Nokia said in a ⁠statement.

Nokia, which operates more than a dozen sites across North America and owns Bell Labs in New Jersey, unveiled a new strategy on Wednesday aimed at streamlining operations with a focus on artificial intelligence.

Earlier in October, Finnish President Alexander Stubb noted that Nokia was among the topics discussed with U.S. President Donald Trump at a White House meeting.

The announcement comes after a July profit warning linked to tariffs and a weaker dollar, as some foreign companies shift production to the U.S. to reduce trade risks.

The U.S. has no major domestic telecom equipment manufacturer, leaving Nokia, Ericsson, and Samsung as the primary suppliers.