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Finnish telecommunications company Nokia plans to invest a total of €360 million ($390 million) in two facilities in southern Germany, primarily focused on microchip design. Nokia announced the planned investments in the facilities in the cities of Ulm and Nuremberg on Wednesday. The investment will take place over a period of four years as part of the European IPCEI programme (Important Projects of Common European Interest), which includes subsidies funded by the German federal government as well as the state governments of Baden-Württemberg and Bavaria, where the facilities are located. The …

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