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Nokia, Ericsson look to move supply chains away from China


Telecom companies Finland-based Nokia Corp. and Sweden-based Telefonaktiebolaget LM Ericsson (publ) plan to set up new supply chains outside of China to mitigate security and trade war-related risks, SupplyChainDive reported citing sources. Nokia is expected to move its operations to the European Union while Ericsson is considering setting up separate supply chains for key components in different locations across the world.

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