That’s it, Nvidia is completely withdrawing from Russia


Nvidia is closing its last facilities in Russia, local workers are facing a serious decision if they want to keep their jobs.

Following the attack on Ukraine on February 24, the Western governments imposed severe economic sanctions on the aggressor Russia, and in line with them, technology companies stopped the local distribution of their products.

Among those withdrawing was Nvidia, which stopped its deliveries to the state led by Vladimir Putin already in the first wave, in March. At the same time, the company could trust that the situation would be resolved until now, since it did not close its local offices, but now this will also happen.

A The Wall Street Journal according to its meaning the Greens completely pull back the curtain on the latest developments in the war in Russia, presumably due to the Russian mobilization signaling the escalation of the conflict and the annexation of occupied Ukrainian territories by unrecognized referendums. According to Nvidia’s statement, the remaining local colleagues will be given the opportunity to continue working abroad if they are willing to leave their home country.

The move may also hurt the Greens, as the company’s financial manager, Colette Kress, stated in May that the Russian market generated 2% of their revenues until the outbreak of the war. Of course, this money already it has been missing until now from the coffers of Nvidia, which is also struggling with the collapse of the crypto market, but with the complete withdrawal, the hope of a return has become even fainter.

Meanwhile, Russia is trying to make up for lost shipments of Western consumer goods by legalizing gray imports, but this only alleviates the situation with long waiting times, increased prices and problems with warranty service.

Are you more seriously interested in IT? You can find our news and analyzes for IT and infocommunications decision-makers here.


Source: PC World Online Hírek by pcworld.hu.

*The article has been translated based on the content of PC World Online Hírek by pcworld.hu. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!