Nokia Renesas Modem

http://www.guerillastocktrading.com/business/renesas-electronics-to-buy-nokia... Nokia released in July a $200 million agreement to sell off its wireless modem division to Japan's Renesas Electronics Corporation. Per the agreement, Nokia will transfer its wireless modem technologies for LTE, HSPA and GSM standards and about 1,100 Nokia R&D staff members to Renesas, the majority of whom are located in Finland, India, the UK, and Denmark.

Prices for wireless modems have plunged during the last 3 years amid competition from Huawei and ZTE, both based in China.

Within the video below, I do stock chart analysis on Nokia and show you where it looks like this market is going.

Category:

News & Politics

Tags:

• nokia
• renesas
• modem