Nokia closes China research hub, recalls asking Europe why it uses Huawei
Direct Source Verification:
This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
Nokia is shutting its Hangzhou radio R&D centre in China by end-2026, cutting around 1,600 jobs, after its Greater China revenue fell over 58% since 2018. The closure revives CEO Justin Hotard's pointed question to Europe: why does Huawei still run nearly 60% of Germany's 5G site...
Nokia is shutting its Hangzhou radio R&D centre in China by end-2026, cutting around 1,600 jobs, after its Greater China revenue fell over 58% since 2018. The closure revives CEO Justin Hotard's pointed question to Europe: why does Huawei still run nearly 60% of Germany's 5G sites while Nokia holds under 3% share in China? Restructuring charges have tripled to €800 million, even as AI and cloud orders surge 105%.
Original Source
https://timesofindia.indiatimes.com/technology/tech-news/as-nokia-is-closing-its-research-hub-in-china-it-is-back-to-the-time-when-nokia-ceo-asked-europe-why-you-use-huawei-while-china-has-thrown-us-out/articleshow/134457749.cms
