Nokia Oyj

Nokia Oyj is a Finnish multinational telecommunications, information technology, and consumer electronics corporation headquartered in Espoo, Finland. The company's core business revolves around large-scale telecommunications infrastructure, technology development, and licensing, providing mobile, fixed, and cloud network solutions globally. Nokia's mission is to create technology that helps the world act together, focusing on secure and reliable connectivity for communication service providers, webscales, and enterprises to enable mission-critical industries and large-scale digital transformation.

Nokia operates through four primary segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. Its offerings include fixed network solutions (fiber, copper, in-home Wi-Fi), IP routing, optical networking systems, and submarine network solutions. The company also provides mobile technology products and services for radio access networks and microwave radio links, alongside software-defined networking, network functions virtualization, 5G core, private wireless, and industrial edge solutions. Furthermore, Nokia Technologies manages an extensive intellectual property licensing business, encompassing a broad patent portfolio across 2G, 3G, 4G, 5G, video coding, and Wi-Fi standards.

Under the leadership of President and CEO Justin Hotard, appointed in April 2025, Nokia is strategically repositioning itself as a key enabler in the AI infrastructure buildout, moving beyond its traditional role as a telecom equipment provider. Recent developments include a $30 million investment in June 2026 to expand its U.S. semiconductor advanced test and packaging operations in Allentown, Pennsylvania, aimed at boosting the production of photonic chips for AI infrastructure and creating over 500 jobs. Additionally, Nokia announced a collaboration with KNDS in June 2026 to provide advanced 5G connectivity for soldiers and unmanned vehicles, addressing critical communication gaps on the modern battlefield. The company reported a 49% year-over-year surge in Q1 2026 AI and cloud sales, securing €1 billion in new orders.