Nokia

Nokia exits China, joins Nordic defense pact and bets on AI

Nokia is executing one of the most consequential strategic shifts in its recent history, dismantling its decades-long presence in China while channeling resources into artificial intelligence infrastructure and European defense technology.

Nokia to close almost all China sites by year end

Nokia plans to cut most of its workforce in mainland China and close sites in stages by the end of 2026, marking a sweeping retreat from a market where the Finnish telecom equipment maker operated for more than four decades,…

Nokia raises profit outlook as AI demand doubles

Nokia reported stronger-than-expected second-quarter earnings on Thursday, buoyed by surging demand from artificial intelligence and cloud infrastructure customers that has reshaped the Finnish company's business profile. The results prompted Nokia to raise its full-year profit outlook.