Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nokia\u2019s new chief executive has said he would \u201cabsolutely entertain\u201d increasing the Finnish telecoms company\u2019s US manufacturing to mitigate the impact of Donald Trump\u2019s tariffs, as the company reported worse than expected first-quarter results on Thursday. Justin Hotard, who took over at Nokia on April 1, said he expected the tariffs to hit operating profits by \u20ac20mn to \u20ac30mn in the second quarter and that achieving the higher end of the company\u2019s 2025 guidance would now be \u201cchallenging\u201d. Nokia previously said it expected operating profits of \u20ac1.9bn to \u20ac2.4bn this year.The company\u2019s share price fell 6 per cent in early trading on Thursday. Nokia\u2019s chief executive, who was born in the US, was speaking as the company said operating profit fell to\u00a0\u20ac156mn in the first quarter, a sharp drop from \u20ac600mn a year earlier and less than two-thirds of the \u20ac244mn analysts had expected. It blamed the fall on lower net sales at Nokia Technologies and the impact of a contract settlement charge.Hotard underlined the importance of the US market to Nokia \u2014 where the company estimates that 90 per cent of all communications use its technology \u2014 and said he would \u201cabsolutely entertain\u201d expanding manufacturing in the country to provide \u201cadditional resiliency\u201d to tariffs.\u201cIf there are opportunities to strengthen [US manufacturing], in that it will help us drive growth in the market, that\u2019s one of the things I\u2019ll look at,\u201d he said.Nokia has five manufacturing facilities in the US, including two semiconductor factories and a chip manufacturer in California. Hotard\u2019s comments come after Brendan Carr, a vociferous critic of Big Tech who was tapped by Trump to lead the Federal Communications Commission, said he would \u201clook at\u201d granting Nokia and Swedish rival Ericsson faster approval for new technologies should they move more manufacturing to the US. The two companies are the largest vendors of mobile network infrastructure equipment in the US. Ericsson chief B\u00f6rje Ekholm said the company would also consider expanding manufacturing in the US depending on the impact of tariffs.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nokia\u2019s new chief executive has said he would \u201cabsolutely entertain\u201d increasing the Finnish telecoms company\u2019s US manufacturing to mitigate the impact of Donald Trump\u2019s tariffs, as<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-288848","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/288848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=288848"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/288848\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=288848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=288848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=288848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}