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April 6, 2022 04:49 pm

Intel Suspends All Operations in Russia 'Effective Immediately'

Intel, one of the world's largest semiconductor companies, is suspending business operations in Russia "effective immediately," the company announced late Tuesday. From a report: "Intel continues to join the global community in condemning Russia's war against Ukraine," the company said in a statement. Intel stopped shipping chips to customers in Russia and Belarus in early March. Intel said that it is "working to support all of our employees through this difficult situation, including our 1,200 employees in Russia." Ordinarily, it would be a drastic step for a multinational company like Intel to exit a market the size of Russia. But Western sanctions have made it increasingly difficult for global companies to operate in Russia. Earlier this week, the Biden administration announced broad sanctions on the Russian electronics industry, which presumably includes many of Intel's partners and customers in Russia. Two of Intel's major competitors, AMD and Nvidia, halted sales of their products in Russia early last month. Taiwanese chipmaker TSMC has also restricted sales in Russia.

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