{"id":68314,"date":"2026-01-29T05:46:57","date_gmt":"2026-01-29T08:46:57","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/887538714"},"modified":"2026-01-29T05:46:57","modified_gmt":"2026-01-29T08:46:57","slug":"nokia-ceo-says-europe-us-co-dependent-for-tech-companies","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/01\/29\/nokia-ceo-says-europe-us-co-dependent-for-tech-companies\/","title":{"rendered":"Nokia CEO says Europe, US co-dependent for tech companies"},"content":{"rendered":"
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By Gianluca Lo Nostro and Agnieszka Olenska<\/p>\n

Jan 29 (Reuters) – Europe and the United States are co-dependent and large technology companies cannot rely on a \u200bsingle continent, Nokia CEO Justin Hotard said on Thursday, as the European \u200cUnion weighs stronger support for homegrown industry.<\/p>\n

“Every single one of us cannot subsist on one continent or \u200cthe other. We need both,” Hotard told Reuters in an interview. “Particularly in technology, where the window and the right to win is dictated by that technology cycle, it’s really critical that you have as big a market access as possible.”<\/p>\n

Nokia and its Swedish \u2060rival Ericsson have been touting \u200ctheir credentials as secure Western suppliers of network equipment while governments reassess their exposure to Chinese suppliers.<\/p>\n

At the same time, Europe is \u200dstriving to bolster domestic technological capacity to reduce reliance on third countries, including the U.S.. For Nokia and Ericsson, this creates a challenging balance as both companies generate substantial revenue from \u200bboth sides of the Atlantic.<\/p>\n

“Every single one in Europe and the U.S. that \u200cis of scale is dependent on the European and U.S. market for scale. If you just do the analysis, there’s a significant codependence,” Hotard added.<\/p>\n

The U.S. lacks a major domestic supplier of telecoms gear, leaving carriers there reliant on Nokia, Ericsson and South Korea\u2019s Samsung after Chinese vendors were banned for national security reasons.<\/p>\n

Earlier this month, \u2060the European Commission proposed phasing out so-called high-risk \u200bvendors from critical sectors, including 5G networks, a \u200bmove that may further curb Huawei’s share in Europe.<\/p>\n

A wider removal of Chinese equipment from European telecom networks could unlock new opportunities for \u200dNokia and Ericsson, following \u2060several years of lacklustre 5G investments across the region.<\/p>\n

Hotard expressed optimism over recent developments in Brussels but urged the EU to accelerate its efforts and make \u2060existing recommendations for operators mandatory.<\/p>\n

“Europe needs to support its business champions. That’s not just in tech, \u200cbut in other areas,” he said.<\/p>\n

(Reporting by Gianluca Lo Nostro and Agnieszka \u200cOlenska in Gdansk; Editing by Matt Scuffham)<\/p>\n

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… are co-dependent and large technology<\/span> companies cannot rely on a … an interview. "Particularly in technology<\/span>, where the window and the … win is dictated by that technology<\/span> cycle, it's really … 's not just in tech<\/span>, \u00e2\u0080\u008cbut in other areas,…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-68314","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/68314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=68314"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/68314\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=68314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=68314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=68314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}