President Trump highlighted Nokia’s $30 million investment in Allentown semiconductor testing and packaging expansion, backed by $14 million in federal incentives. The project will create more than 500 jobs, generate $500 million in economic impact and enable AI network energy savings up to 75%, bolstering the firm’s AI infrastructure push.
President Trump’s public praise for Nokia’s $30 million Allentown semiconductor testing and packaging expansion fueled a pre-market rally, reinforcing investor confidence in the company’s strategic shift toward AI infrastructure and U.S. manufacturing growth.
The $30 million facility upgrade in Allentown is supported by $14 million in federal incentives and targets expanded semiconductor testing and photonic chip packaging capabilities, with commercial capacity expected by the end of the third quarter.
The expansion will generate over 500 jobs, drive $500 million in local economic impact and reduce AI network energy consumption by up to 75%, while an expanded AWS partnership will deploy Nokia’s Autonomous Networks Fabric on the cloud later this year to enable AI-powered network automation.
