Nokia announces €360 million investment in software, hardware, and chip design in Germany.

Nokia, the Finnish telecommunications giant, revealed on Wednesday its intentions to invest €360 million ($391 million) in software, hardware, and chip design at its Ulm and Nuremberg sites in Germany.

This ambitious four-year project will be financially supported by Nokia, the German Federal Ministry of Economics and Climate Protection, and two German states, as outlined in a statement released by Nokia.