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Nokia Winds Down Mainland China Operations, Targeting €200M Annual Savings

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Nokia plans to wind down its mainland China operations, booking one-off costs of about €350 million in integration expenses this year, with secondary accounting putting costs between $410 million and $465 million. The company expects the exit to drive €200 million in annual savings after restructuring. Nokia also is building the Zankore AI infrastructure platform, targeting 1 GW capacity across Nvidia DSX AI Factories with initial deployment in Indonesia.

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