Cyprus Mail
BusinessInternationalRussiaTech & Science

Intel becomes latest Western tech firm to suspend business in Russia

intel factory germany

US chipmaker Intel Corp (INTC.O) said on Tuesday it has suspended business operations in Russia, joining a slew of companies to exit the country following its invasion of Ukraine.

The company, which had last month suspended shipments to customers in Russia and Belarus, said it has implemented business continuity measures to minimize disruption to its global operations.

“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.

International Business Machines Corp (IBM.N) too had suspended shipments as Ukraine urged the US cloud-computing and software companies to cut off business with Russia.

Servers from IBM, Dell Technologies Inc (DELL.N) and Hewlett Packard Enterprise Co (HPE.N) top the market in Russia, where companies and government agencies have relied on technology developed by the West as the basis for their owned-and-operated IT systems.

Related Posts

Russia says it will facilitate IAEA visit to Ukrainian nuclear plant

Reuters News Service

Saudi prince made $500m Russia bet at start of Ukraine war

Reuters News Service

Ignoring Ukraine setbacks, Putin boasts of Russian weapons prowess (Updated)

Reuters News Service

Israel arrests three in international money laundering probe

Reuters News Service

European shares edge higher on healthcare lift, weak China data stokes worries

Reuters News Service

German energy bills to rise by another 480 euros a year under gas levy (Updated)

Reuters News Service