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GlobeNewswire (Europe)
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Nokia Oyj: Nokia to bring semiconductor expertise to CHIPS and Science Act funded innovation hub

Finanznachrichten News

Press Release

Nokia to bring semiconductor expertise to CHIPS and Science Act funded innovation hub

  • Nokia will join a new innovation hub that seeks to expand U.S. global leadership in microelectronics technical development.
  • The program will help reduce U.S. reliance on foreign microelectronics and safeguard supply chain risks, while ensuring access to cutting edge semiconductors for the Department of Defense.

26 September 2023
Murray Hill, New Jersey - Nokia today announced that it is part of the Northeast Microelectronics Coalitionrecently announced$238 millionin funding that established the regional innovation hubs. This is the largest award to date under President Biden's CHIPS and Science Act. It will help make the American supply chain more resilient, safeguard the nation from supply chain risks and support national security and access to key technologies to keep America at the forefront of innovation and technological development.

With $2 billion in funding for Fiscal Years 2023 through 2027, the Microelectronics Commons program aims to bridge the gap between R&D and chip production by leveraging the Hubs to accelerate domestic hardware prototyping and "lab-to-fab" transition of semiconductor technologies. This will help mitigate supply chain risks, ultimately expediting access to the most cutting-edge semiconductor electronics and photonics and creating a direct pathway to reduce America's reliance on foreign microelectronics.

Nishant Batra, Chief Strategy and Technology Officer at Nokia, said: "Nokia is excited to be a key part of the Northeast Microelectronics Coalition Hub and apply our extensive experience in R&D to help accelerate U.S. semiconductor production. We are committed to ensuring U.S. scientific and industrial powerhouses have access to cutting-edge semiconductors and can deliver what is needed to secure future semiconductor needs while mitigating any future supply chain challenges."

Carolyn Kirk, Executive Director of the MassTech Collaborative, said: "We are incredibly grateful for the trust and collaboration of our coalition members and the Department of Defense to establish and launch the NEMC Hub for the northeast and for the nation. Our selection demonstrates the power of partnerships and illustrates the immense talent that has come together to earn this designation."

Building on Nokia's recent announcements as the first telecom company to manufacture fiber-optic broadband network electronics products and optical modules in the U.S. for use in the Broadband Equity, Access and Deployment (BEAD) program and the first technology Buy America compliant vendor, Nokia is taking another important step with the NEMC collaboration to further contribute to U.S. technology leadership, economic growth, and job creation.

Resources and additional information
Press release: Deputy Secretary of Defense Kathleen Hicks Announces $238M CHIPS and Science Act Award|U.S. Department of Defense
Press release: Nokia first to announce manufacturing of broadband network electronics products for BEAD program in U.S. | Nokia
Press release: Nokia expands manufacturing in U.S. to fiber broadband optical modules for Department of Commerce BEAD program | Nokia
Press release: Nokia on track to be first technology Buy America compliant vendor | Nokia
Webpage: Northeast Microelectronics Coalition) |MassTech
Webpage: Microelectronics Commons

About Nokia
At Nokia, we create technology that helps the world act together.

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today - and work with us to create the digital services and applications of the future.

Media inquiries
Nokia Communications, Corporate
Email: Press.Services@nokia.com

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© 2023 GlobeNewswire (Europe)
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