Mobile Devices

Nokia to invest $391 million in 5G/6G electronics

18 January 2024

Nokia has plans to expand its investment in advanced 5G and 6G software, hardware and chip design at its Ulm and Nuremberg, Germany, site as part of a project partially funded by the German government.

The project will be focused on integrated development of software, hardware and high-performance system-on-chips based on a digital twin. These will be used in radio and optical products for future mobile communications systems.

The $391 million investment is part of a four-year Important Projects of Common European Interest (IPCEI) project funded by Nokia and the German Federal Ministry of Economics and Climate Protection (BMWK) and the German states of Baden-Württemberg and Bavaria.

Nokia said it is expanding its chip design experience and is working with research institutes and universities to help strengthen its European value chain. Microelectronics will help to make networks more energy-efficient and more powerful simultaneously, the company added.

Additionally, the project will help to increase Europe’s competitiveness in the field of microelectronics for 6G, artificial intelligence, advanced digitalization and applications for the metaverse.

“This important funding will support our efforts to advance the telecommunications industry in Germany and in Europe, helping to drive innovation and strengthen competitiveness,” said Tommi Uitto, president of mobile networks at Nokia.

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