Nokia Plans $391 Million Investment In Germany

Finland’s Nokia said on Wednesday it plans a 360 million euros ($391 million) investment in software, hardware and chip design at its Ulm and Nuremberg sites in Germany.

The four-year project is being funded by the company, the German Federal Ministry of Economics and Climate Protection and two German states, Nokia said in a statement.

(Reporting by Greta Rosen Fondahn; editing by Terje Solsvik)