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Reuters
Reuters
Business

Finland's Nokia announces 5G partnership with Intel

FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez/File Photo

Finland's Nokia Oyj <NOKIA.HE> has entered into partnership with Intel <INTC.O> to accelerate its so-far sluggish shift to 5G, the company said on Thursday, a day after announcing a similar deal with Marvell Technology <MRVL.O>.

Nokia has struggled with slower-than-expected development of its Reefshark system on chips (SoC), which allow a single chip to carry an entire computer system, enabling Nokia to produce equipment more cheaply.

"Nokia is working with multiple partners to support its ReefShark family of chipsets, which are used in many basestation elements," the Finnish firm said.

FILE PHOTO: U.S. chipmaker Intel Corp's logo is seen on their "smart building" in Petah Tikva, near Tel Aviv, Israel December 15, 2019. REUTERS/Amir Cohen/File Photo

(Reporting by Tarmo Virki; editing by David Evans)

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