COPENHAGEN, Oct 28 (Reuters) – Finland’s Nokia (NOKIA.HE) said on Tuesday that Nvidia (NVDA.O) would make a $1 billion equity investment in the Finnish telecom equipment maker.
Nokia and Nvidia will collaborate on AI networking solutions and explore opportunities to incorporate Nokia’s data-center switching and optical technologies in Nvidia’s future AI infrastructure architecture, the Finnish company said in a statement.
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Shares in Nokia were up 14% at 1539 GMT.
Reporting by Louise Rasmussen; Editing by Emelia Sithole-Matarise and Gareth Jones
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