Nokia and Ericsson denies withdrawal from China

As China and the United States compete for dominance on 5G, the supply chain of global technology companies is facing adjustments. This affects companies in China, the United States, Europe and other parts of the world. Recent reports from British media claims that two European companies, Ericsson and Nokia, are adjusting their corporate structure. Reports also claim that they are preparing to withdraw some of their operations from China.

However, the two companies deny these reports. Nokia said that "the Chinese market has always been very important to us. We believe that in China's 5G construction, we will play a huge role. Our flexible supply chain ensures that the company's structure does not change. Certainly not because of the government's requirements for our source of procurement."

Ericsson did not comment on the rumors and speculations. According to the company, "Ericsson is a global mobile network infrastructure provider, and China is one of our largest markets. We have always positioned ourselves as a leader in the global 5G market. Ericsson is involved in the construction of China Mobile's 1G to 5G. We have made significant contributions to the development of China Mobile. In the future, Ericsson will continue to support China's 5G construction and continue to invest in the Chinese market."

Via