Nokia targets Web giants with fastest routers on market

San Francisco

NOKIA launched the world's fastest network chips on Wednesday, marking a breakthrough into the core router market dominated by rivals Juniper and Cisco, while giving a boost to its existing network business.

The new traffic routers can handle the greater demands of virtual reality programming, cloud-based Internet services and next-generation mobile communications, the Finnish company said.

Nokia's new products should help it win business with so-called "Web-scale" customers such as Facebook, Google and Amazon - for whom transmission speed is everything and who ar…