How Nokia transformed from iPhone victim to a $1bn Nvidia deal
The Finnish company Nokia, famed for its iconic 3310 phone and signature ringtone, faced a sharp decline after the arrival of the iPhone and Android smartphones. However, in 2025, Nokia reinvented itself by entering the hardware sector for connecting cloud services and data centres. In October, it formed a strategic partnership with Nvidia, which announced a $1bn investment to integrate artificial intelligence into telecommunications networks.
Source Financial Times
This move reflects Nokia’s adaptability and ability to reshape its business in line with emerging technology trends shaping the future of telecom. From its roots in the iconic phones of the 1990s, the company is now a pivotal player in the AI revolution within network infrastructure solutions.
The partnership with Nvidia positions Nokia to elevate its technological capabilities significantly, potentially reshaping communications infrastructure and strengthening its global telecom industry standing.
