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Nokia invests $30M in US AI chips
Nokia announced an investment of $30 million in its factory in Allentown, Pennsylvania, to increase the production of optical fiber network chips used in artificial intelligence. The expansion aims to double production capacity to up to ten times its current level and create more than 500 additional jobs. The project is expected to generate revenues exceeding $500 million over five years, with the new capacity anticipated to be commercially ready by the end of the third quarter of the year. This investment is part of a U.S. plan to promote domestic manufacturing industries and develop communication networks prepared for artificial intelligence.
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