SHOCKING: Pekka lundmark | Mind Blowing Facts

Intel's head of datacenter and AI unit leaves to lead Nokia

Justin Hotard joins Nokia as its next CEO, barely a year after he joined Intel.

Tom’s Hardware · Feb 11, 2025

Intel loses another top exec as Nokia poaches AI and data center chief as new CEO

Nokia CEO Pekka Lundmark is stepping down, with the company announcing a former Intel executive as his replacement.

TechRadar · Feb 10, 2025

Nokia CEO Lundmark To Be Replaced By Intel AI Chief Hotard

Finnish telecommunications equipment giant Nokia announced on Monday that chief executive Pekka Lundmark would step down and be replaced by Justin Hotard, the head of AI and data centres at US chip-maker Intel.

International Business Times · Feb 10, 2025

Former phone giant Nokia saw a dramatic drop in profits and is now cutting up to 14,000 jobs in response

Nokia said its was addressing "the challenging market environment" by cutting costs, shedding staff and improving efficiency.

Fortune · Oct 19, 2023

Nokia plans to cut up to 14,000 jobs after sales and profits plunge in a weak market

Telecom gear maker Nokia says it's planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit

The Independent UK · Oct 19, 2023

CEO Pekka Lundmark says Nokia won't change its name as it tries to shed its cell phone past

Nokia is still associated with phones despite selling the business a decade ago.

Fortune · Mar 1, 2023

Nokia sees improved 3Q profit, sales on strong demand for 5G

Wireless and fixed-network equipment maker Nokia has reported substantially improved third-quarter profits and higher sales on the back of strong demand for 5G technology from operators

The Independent UK · Oct 20, 2022

Nokia Clocks 5% Revenue Growth In Q1 Amid Strong Demand Offset By Supply Chain, Inflation Challenges

Nokia Corp (NYSE:NOK) reported a first-quarter FY22 net sales growth of 5% year-on-year (1% in constant currency) to €5.35 billion. Network Infrastructure grew 9% Y/Y in CC, driven by solid demand in Fixed and Submarine Networks. Cloud and Network Services grew 5% Y/Y in CC with strength in Core Networks. Mobile Networks declined…

Benzinga · Apr 28, 2022

Nokia to Stop Doing Business in Russia

Telecoms equipment maker Nokia is pulling out of the Russian market, its CEO told Reuters, going a step further than rival Ericsson , which said on Monday it was indefinitely suspending its business in the country. Hundreds of foreign companies are cutting ties with Russia following its Feb.

Asharq Al-Awsat · Apr 12, 2022