Eu Approves $2.3 Billion Takeover of Infinera by Nokia
The EU Commission has unconditionally approved the $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera by Nokia, allowing the Finnish company to expand its market share in the optical networking sector. The deal will position Nokia as the second-largest vendor in the market with a 20% share, behind Huawei. The acquisition is expected to enable Nokia to sell more equipment to major tech companies investing heavily in data centers for artificial intelligence applications.
- This merger highlights the increasing importance of optical networking equipment in the growing demand for cloud computing and artificial intelligence, underscoring the significance of supply chain stability.
- What implications will this deal have on the global competition between Western companies and their Chinese counterparts in the optics industry?