Foxconn to manufacture Nokia’s 5G AirScale products in Vietnam

Huawei reported net profit more than doubled in its 2023 financial year to CNY87 billion (US$13.4 billion) as it saw revenue growth across its multiple arms.

Nokia shot down speculation from a Bloomberg report claiming that it is prepping its mobile unit for a US$10 billion sale for suitors including rival Samsung.

Nokia announced it partnered with Indian optical and digital solutions company STL to develop enterprise and government-focused connectivity solutions.