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Bloomberg: Most valuable US chipmaker ceases Russian operations

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California-based chipmaker Nvidia Corp. had already suspended its shipments to Russia but had maintained a presence there “to support our employees and their families,” the company said in a statement on Oct. 3, Bloomberg reports. It is now “ceasing all activities” in the country, the company said.

As Russia's war enters its eighth month, the chipmaker said that “with recent developments, we can no longer operate effectively there." “All employees will be given the option of continuing their jobs in other countries.”

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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Along the Dnipro River in southern Ukraine, the front line has remained largely static, but fighting continues every day. The Kyiv Independent’s Francis Farrell and Olena Zashko embedded with Ukraine’s forces in Kherson Oblast, following FPV drone and night bomber teams tasked with defending river islands.

Earlier on Jan. 1, Volodymyr Saldo, a Ukrainian politician turned top Russian proxy head of Russian-occupied parts of Kherson Oblast, accused Kyiv of launching three drones at a hotel and a cafe on the Black Sea coast. Saldo claimed that the alleged New Year drone strike on the village of Khorly killed 24 people, including a child, and wounded more than 50.

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