Updated · May 20, 2022
Intel Suspends Business Operations in Russia
Updated · Apr 06, 2022
It joins a host of companies that have taken a stand by leaving Russia.
Intel Leaves Russia
US chipmaker Intel has become the latest company to move out of Russia following the country’s invasion of Ukraine. The firm, which manufactures chips, graphics cards, and motherboard chipsets, announced on Tuesday that it would suspend business operations in the country.
“Intel continues to join the global community in condemning Russia’s war against Ukraine and calling for a swift return to peace,” the company said in a statement. “Effective immediately, we have suspended all business operations in Russia.”
Еarlier this year, on March 3rd, the firm disclosed that it had suspended all shipments to customers in Russia and Belarus. The latter has been accused of providing a staging ground for Russia’s military offensive.
Intel has now joined other tech companies like Apple, which suspended all product sales in Russia early last month. Many others, like TikTok, have paused all operations. In total, more than 600 businesses have left the country so far.
Russia launched its invasion of Ukraine on Feb. 24 in what President Vladimir Putin called a “special military operation”. The war has drawn widespread condemnation and drawn severe sanctions on the country. However, it has continued unabated since then.
Intel has pledged to soften the blow on its Russian employees.
“We are working to support all of our employees through this difficult situation, including our 1,200 employees in Russia. We have also implemented business continuity measures to minimize disruption to our global operations.”
Daniel is an Economics grad who fell in love with tech. His love for books and reading pushed him into picking up the pen - and keyboard. Also a data analyst, he's taking that leap into data science and machine learning. When not writing or studying, chances are that you'll catch him watching football or face-deep in an epic fantasy novel.
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