Nokia to invest $4bn in US research, development, and manufacturing operations, with $3.5bn for R&D activities. Focus on AI-ready connectivity infrastructure across various networking areas.

$500m allocated to manufacturing and R&D in Texas, New Jersey, and Pennsylvania. Funding to enhance domestic production capabilities and AI-optimised networking suite.

Investment to cover automation, quantum-safe networks, semiconductor production, and advanced material sciences research. Nokia building on prior investments from Nokia and Infinera.

Nokia president and CEO Justin Hotard emphasizes strengthening network infrastructure for greater security, productivity, and prosperity through AI-optimised connectivity. Continues commitment to innovation through Bell Labs in New Jersey.

Corporate restructuring into two segments, Network Infrastructure and Mobile Infrastructure. Targeting annual operating profits of €2.7bn to €3.2bn by 2028. Priorities include advancing AI and cloud technologies, mobile connectivity, co-innovation, focused investment, and sustainable returns.

Read more at Yahoo Finance: Nokia commits $4bn to advance AI-driven networks in US