In Germany, Nokia Plans to Invest 360 million Euros in Software, Hardware, and Chip Design – Business Outreach

Nokia, a Finnish manufacturer of telecom equipment, is to invest 360 million euros in Ulm and Nuremberg, Germany, for software, hardware, and chip design. The German states of Baden-Württemberg and Bavaria, as well as the German Federal Ministry of Economics and Climate Protection (BMWK), are funding Nokia’s four-year European IPCEI (Important Projects of Common European Interest) project.