With rumors of what would happen to the Nokia's Chennai factory swirling about since mid-March there's now some official news on the matter. The Chennai factory, which is viewed as a key manufacturing asset for Nokia, will be excluded from the sale of Nokia to Microsoft due to the tax concerns with the Indian government.
"We are leaving out the plant because of the tax issues," Poonam Kaul, a Nokia India spokeswoman, said by telephone today. The plant, one of the Espoo, Finland-based company's largest phone factories, will make products for Microsoft as part of a servicing agreement, according to Kaul.
Nokia strongly believes its offer to the Indian tax department is fair, Brett Young, a spokesman for the company, said at the time. The company is offering a voluntary retirement plan to workers at the plant near the southern Indian city of Chennai, according to Kaul.
With that part mostly take caren of, all things are still a go for completion of the Nokia sale to Microsoft on April 25th. For how long the plant will continue to be used as part of the servicing agreement though remains to be seen.
Source: Bloomberg - Thanks, Zapella T!
How to sell your old Xbox to buy a new Xbox Series X, Series S
Looking to upgrade to the Xbox Series X or Xbox Series S? Here are our tips for selling your original Xbox One console.
These are the best 27-inch monitors money can buy
A 27-inch monitor is just about the perfect size without having to sit too far away or whip your head back and forth to follow things across the screen. If you’re in the market for a new monitor, check out our top picks.
Add or upgrade the RAM in your MSI GE66 Raider with this guide
Have an MSI GE66 Raider without enough memory for your needs? Our guide walks you through what's needed to upgrade the RAM in your laptop.
Best AMD motherboards for the Ryzen 7 3700X
The motherboard is incredibly important and choosing the right one for your build can make the difference between a dud PC and glorious computing performance. Here are the best motherboards for the AMD Ryzen 7 3700X