Home Samsung’s New R&D Facility Based in Finland Near Nokia Headquarters

Samsung’s New R&D Facility Based in Finland Near Nokia Headquarters

Samsung will be opening a new research and development center in Espoo Finland which is also where Nokia’s headquarters are based , affirming Samsung’s domination over it’s rival. Details on investment plans and staffing will be released soon.
Other technology firms have already opened their research and development facilities in Finland this includes companies such as Intel and Huawei. Companies are trying to take advantage of Finland’s high ratio of engineers and software developers some of whom we’re previously working at Nokia. Since Samsung is more dominant it aims to attract the best engineers and software developers from Finland and possibly ex-Nokia engineers and software developers.
Nokia itself has taken a step back by cutting its own resources in the last few years by firing thousands of employees and with the sale of its glass and steel waterfront office building located in Espoo. Nokia still operates in this building as they have leased it back , this certainly hints at Nokia having cash flow problems.
Previously Nokia was regarded as the leader in the worldwide mobile phone market but Samsung has taken this position. Majority due to smartphones as Samsung shipped more units in Q1 2013 then the  next top 4 vendors combined.
Source Yahoo News

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.