Nokia to acquire optical networking tech firm Elenion


by   |  VIEW 782
Nokia to acquire optical networking tech firm Elenion

On Wednesday, the 19th of February 2020, the Espoo, Greater Helsinki-based Finnish telecom gear manufacturer, Nokia Oyj, had issued an statement saying that its management board had agreed to take over a privately-held American semiconductor industry start-up, Elenion Technologies, in order to shore up its optical networking business and to beef up the Finish telco gear maker’s portfolio which happened to be much lighter than other telecom industry titans likes of China’s Huawei Technologies and S.

Korea’s Samsung Electronics, two of the leading fifth-generation networking equipment manufacturer. Nonetheless, financial terms of the Nokia Corp.’s latest deal to acquire the NY-based optical interface chip maker had not been revealed, however, addressing a through-and-through optimism over the telecom gear maker’s optical supply china, Nokia said in its Wednesday’s (February 19th) statement, “Ownership of these key assets brings time-to-market and cost advantages to Nokia’s broad portfolio of networking solutions by applying the massive scale and economies of silicon design and manufacturing to the optical supply chain.

” As a matter of fact, founded back in the 2014s at the outskirts of New York City, Elenion Technologies had been engaged in research and development of silicon photonics-based chip design and development, nevertheless, a spokeswoman for Elenion had declined to comment over the subject-matter while being asked late on Wednesday (February 19th).