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Intel becomes latest Western tech firm to suspend business in Russia 11/4/2022
Intel becomes latest Western tech firm to suspend business in Russia U.S. 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.To get more intel news, you can visit shine news official website. 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 U.S. 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. Intel has ratcheted up its response to Russia's war in Ukraine, suspending operations in the country altogether, the chipmaker said Tuesday. The move affects 1,200 employees in the country. On March 3, Intel suspended shipments of its products, most notably processors, to its customers in Russia and Belarus. The full suspension of business this week came shortly after evidence emerged that the Russian military committed war crimes against Ukrainian civilians in Bucha, a suburb of Kyiv that Russians occupied for weeks before retreating late last week. "Intel continues to join the global community in condemning Russia's war against Ukraine and calling for a swift return to peace," Intel said in its Tuesday statement. Russia's war on its neighbor has dramatically changed the global business landscape. Many nations have imposed economic sanctions and companies have cut off business in Russia. Although Russia's economy is not nearly as large or globally important as China, Germany or the United States, it's a significant producer of gas, oil and grain. Intel put its employees in Russia, most of them programmers, on administrative leave but continues to pay them, spokesman William Moss said. Intel set up its Russian operations in 2000 in the city of Nizhny Novgorod. Intel isn't the only chip company to pull back from Russia. Earlier in March, phone chip designer Qualcomm said it had suspended its product sales to Russian customers. AMD also cut off its sales in March and halted operations in Russia, mostly sales and marketing, said spokesperson Drew Prairie. It hasn't laid off those employees, he added. "They are just working on other things outside of Russia where applicable," he said.
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