As global technology races ahead, cooperation across regions is becoming critical. Against this backdrop, Nokia CEO Justin Hotard has stressed that the US and Europe must work together, warning that the technology sector cannot thrive by relying on a single continent.
Hotard’s remarks come at a time when the European Union is considering new steps to strengthen local industries and cut dependence on foreign technology firms. He highlighted that modern technology requires massive investment and rapid scaling, something that is only possible with access to the widest possible markets.
“Every single one of us cannot subsist on one continent or the other. We need both. Particularly in technology, where the window and the right to win is dictated by that technology cycle, it’s really critical that you have as big a market access as possible,” Hotard said in an interview with a news agency.
His comments underline the challenges faced by companies such as Nokia and Ericsson. Both firms are navigating between Europe’s push for “technological sovereignty” and their strong dependence on the large US market. While Europe is focused on building domestic capability, the US has limited local options in key areas.
The US does not have a major domestic manufacturer of 5G infrastructure. After banning Chinese vendors due to national security concerns, US telecom operators have become largely dependent on Nokia, Ericsson, and South Korea’s Samsung for wireless network equipment.
Hotard’s views also align with ongoing policy discussions in Brussels. The European Commission is proposing a phased removal of “high-risk vendors” from sensitive sectors, including 5G networks. The Nokia CEO has called on the EU to go beyond advisory measures and enforce binding security rules for all operators.
“Europe needs to support its business champions. That’s not just in tech, but in other areas,” Hotard said.
His message reflects growing pressure on European policymakers to balance security, competitiveness, and market access. For global technology companies, the ability to operate freely across both the US and Europe remains essential to fund innovation and stay competitive in fast-moving technology cycles.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter
About us:
The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.
