Finnish Nokia said on Friday it plans to invest $4 billion in the United States, targeting research, development and production to drive advances in artificial intelligence-driven network connectivity.
The telecommunications equipment maker said $3.5 billion of the investment will be allocated to research and development efforts.
Nokia, which operates in more than a dozen locations across North America and has Bell Labs in New Jersey, unveiled a new strategy on Wednesday with an emphasis on AI and an aim to simplify operations.
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Finnish President Alexander Stubb said in early October that Nokia was one of the topics discussed with US President Donald Trump in a White House meeting.
The US does not have a major domestic telecommunications equipment manufacturer, which leaves Nokia, Ericsson and Samsung as the main options.
