Nokia to offload wireless modem business to Renesas
Signs strategic business alliance for now
NOKIA ISN’T DOING well and the company is now looking at offloading is wireless modem business unit to Renesas for roughly $200 million, not exactly what you’d call pocket change. However, Nokia isn’t giving up its wireless modem products, instead Nokia and Renesas has signed a strategic business alliance to develop HSPA+ and LTE products.
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