Nokia CEO says Europe, US co-dependent for tech companies

Europe and the United States ‍are co-dependent and large technology companies cannot rely on a single continent, Nokia CEO Justin ⁠Hotard said on Thursday, as the European Union weighs stronger support for homegrown industry.

“Every single one of us cannot subsist on one continent or the other. We need both,” ‌Hotard told Reuters ‌in an interview. “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.”