US based chipmaker Nvidia has announced a $1 billion investment in Finnish telecom giant Nokia, acquiring a 2.9 per cent ownership stake as part of a sweeping partnership to advance next-generation wireless networks, including 6G, and improved AI driven infrastructure. With this, the company aims to expand its business beyond semiconductors and deeper into the global connectivity and cloud ecosystem.

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Under the new agreement, Nokia will issue approximately 166 million new shares to Nvidia in the form of American Depositary Shares. It’s expected to be officially registered in November. With this funding, Nokia hopes to accelerate its transformation strategy by strengthening its position in cloud networking, AI infrastructure, and connectivity

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