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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

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The Ukrainian Institute of America (UIA) will convene technology innovators, defense experts, investors, policymakers, and scholars for a conference examining Ukraine’s emergence as a global driver of technological innovation under wartime conditions.

The committee was created by order of Lidia Izovitova, head of the association. Izovitova has faced criticism for allegedly being a protégé of pro-Kremlin politician Viktor Medvedchuk. Izovitova's tenure as head of the association ended in 2022, and she has been accused of holding her position illegally.

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