Finland's Nokia announces 5G partnership with Intel

HELSINKI (Reuters) - Finland's Nokia Oyj has entered into partnership with Intel (NASDAQ: INTC) to accelerate its so-far sluggish shift to 5G, the company said on Thursday, a day after announcing a similar deal with Marvell Technology (NASDAQ: MRVL).

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.

(Reporting by Tarmo Virki; editing by David Evans)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Marvell (MRVL) PT Raised to $345 at B.Riley, bullish on new CEO
• Truist Securities Cautious on Intel (INTC): 'we see the CY27 EPS as an insufficient basis to drive a PT'
• US EPA sends California emissions rules to Congress for potential reversal