That makes Nokia Wednesday.
HMD Global will be led by former Nokia employees. The company will receive an exclusive license for the release of smartphones, tablets and feature phones called Nokia. That license was far from Microsoft that in 2013 for $ 7.9 billion took the appliance business from Nokia.
Feature Phones
Microsoft announced Wednesday the feature phone division that it held in 2013 was selling for $ 350 million to the Taiwanese Foxconn, known for the production of iPhones. Feature phones are simple mobile phones without many smartphone features.
Microsoft remains the owner of the branch for smartphones. The license on the Nokia brand lapsed and thus in the hands of HMD. Microsoft says to continue supporting Lumia smartphones, and by working on the development of Windows 10 for smartphones.
Since its acquisition by Microsoft appeared hardly more Nokia smartphones. The latter was the Nokia Lumia 830 (pictured) at the end of 2014. After that Microsoft only used the Lumia name.
Foxconn
HMD has teamed up with Foxconn for the production of Nokia devices. The company promises to spend the next three years at least $ 500 million on marketing around the Nokia brand. It is still unclear when the first phones and tablets will appear on the market.
Foxconn will own include operating systems for feature phones and a factory in the Vietnamese city of Hanoi. The 4,500 employees of the division within Microsoft can move them to the company. Foxconn recently even display maker Sharp took over
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