Nokia pledges $4B to boost US R&D and manufacturing
Pledge to invest in Texas, New Jersey, and Pennsylvania sites adds to creating a new home for Bell Labs
Pledge to invest in Texas, New Jersey, and Pennsylvania sites adds to creating a new home for Bell Labs
The company reported strong Q1 figures
Government also approved Samsung’s request to increase work week for chip employees above legal maximum
How many components will be purely US-based is unclear
President says there will be some flexibility with semiconductor tariffs
Company had previously disclosed plans to pass on tariff-related costs to customers
CFO Marie Myers said “recent tariff announcements have created uncertainty for our industry”
“When they come into the United States, and they have their plant or factory here, there is no tariff,” the President said
With Trump threatening semiconductor tariffs of 100 percent
Calls CHIPS Act ridiculous, claims chip companies told him they didn’t need the funding