HMD Global Oy, licensee of Nokia-brand smartphones, said on Saturday it is developing capabilities and processes this year to bring 5G device production to Europe.
Finland-based HMD said in a news release it was working with a number of IT security partners on software modifications and thorough testing as the first stages of manufacturing and testing smartphones in Europe.The European Union has been encouraging companies to set up production in key sectors, introducing laws and offering subsidies as the bloc did for semiconductors with the European Chips Act.
"While we can't discuss specific European subsidies, we collaborate with multiple parties in both the public and private sector in Europe to advocate for European manufacturing and R&D," HMD chief marketing officer Lars Silberbauer told Reuters.
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