On August 12, Nokia Oyj rose 10.17% in regular trading, trading at $10.355/share, with turnover of $213 million. The rally was driven by continued market enthusiasm over Nokia's recently announced acquisition of NXP Semiconductors' wafer fabrication facility in Arizona.

Nokia plans to convert the acquired fab into an indium phosphide optical chip production line, with mass production expected to commence in early next year. Indium phosphide is a critical material for AI data center optical interconnects, where supply-demand imbalances currently exceed those seen in DRAM and NAND. Notably, NVIDIA previously invested $2 billion each in Lumentum and Coherent to secure long-term supply, underscoring the strategic importance of this segment. Nokia's move positions it at a key node in the AI optical chip value chain.

Additionally, S&P recently upgraded Nokia's outlook to \"positive\" while confirming its \"BBB-\" rating, reinforcing fundamental improvement expectations. Within the Communication Equipment sector, peers rallied in tandem, with Lumentum up 9.02% and Ciena up 9.21%, reflecting broad-based strength in optical chip names.

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