Nokia continues to expand into Canada. However, this has nothing to do with Nokia-branded smartphones or tablets, but with the old Nokia, which is now a real network company. The Finns announced at a big event that they will spend $340 million to expand their R&D centre. The centre is located in Ottawa, Canada, and Nokia plans to continue working on 5G, cybersecurity, artificial intelligence and machine learning. Nokia has already invested nearly $1.4 billion in R&D over the past five years, and the current investment will further strengthen the company’s presence in Canada.
Local governments are also contributing $72 million to the project. $40 million will come from the federal government, $30 million from the province and $2 million from the City of Ottawa. The new facility will be built on the current 26-hectare campus and Nokia expects it to be completed by 2026, with the project expected to create around 340 new jobs. The news was huge since Prime Minister Justin Trudeau and Ontario Premier Doug Ford joined the stage with Pekka Lundmark, the CEO of Nokia.
Check out the live stream of the event.
Nokia is strategically developing new and strengthening old R&D centres around the world which further suggest that this company is firmly focused on networking. All the hopes that some might have of Nokia buying HMD Global are slim at the moment since licensing deals are much better for the company.