Nokia's cellphone business went dead. The Finnish firm has found new life as a telecom equipment maker playing up U.S. fears of Chinese espionage.
ESPOO, Finland—The U.S. and China are waging a war for technological supremacy. Nokia Corp., the onetime cellphone pioneer, is looking to play both sides.
The Finnish company, which had nearly disappeared, has transformed itself into a global manufacturer of telecommunications equipment—such gear as cellular antennas, phone switches, internet routers and new components for next-generation 5G wireless systems—and is now the world’s No. 2 player behind China’s Huawei Technologies Co.
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