BARCELONA, SPAIN - FEBRUARY 26: A logo sits illuminated astatine the Nokia booth successful the Mobile World Congress 2024 connected February 26, 2024 successful Barcelona, Spain. (Photo by Xavi Torrent/Getty Images)
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Nokia announced connected Tuesday that Nvidia volition acquisition $1 cardinal successful caller Nokia shares, the latest equity involvement successful a strategical spouse for the AI spot giant.
The 2 companies besides struck a strategical concern to enactment unneurotic to make next-generation 6G cellular technology. Nokia volition contented implicit 166 cardinal caller shares.
Nokia said that it would usage the proceeds to money its plans for AI and different wide firm purposes.
Nokia, a Finnish company, is champion known for its aboriginal compartment phones, but successful caller years, it has chiefly been a supplier of 5G cellular instrumentality to telecom providers.
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