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Nokia Eyes $392M Investment in Two German Plants to Advance European Microelectronics Competitiveness

Home Europe Nokia Eyes $392M Investment in Two German Plants to Advance European Microelectronics Competitiveness
Nokia Eyes $392M Investment in Two German Plants to Advance European Microelectronics Competitiveness

Finland-based network technology company Nokia said it plans to invest $392 million at its Ulm and Nuremberg manufacturing facilities in Germany to develop energy-efficient software and hardware.

The investment is part of a European Commission Important Projects of Common European Interest initiative, with funding from Nokia, the German Federal Ministry of Economics and Climate Protection, and the German states of Baden-Württemberg and Bavaria.

Tommi Uitto, Nokia’s mobile networks president, stressed the importance of the German market to the company, which sees Berlin as a partner “to produce cutting-edge technology that is ‘Made in Germany.'”

The company expects that its project will advance European competitiveness in microelectronics for such technologies as 6G and artificial intelligence.

One of the project’s focus areas is using a digital twin as a base to develop software, hardware and systems-on-chips for future 5G-advance and 6G mobile systems.

Energy efficiency, another focus area, supports Europe’s Green Deal targets and is being pursued through close cooperation with research institutes and the academe, Nokia noted.

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