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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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Since the beginning of Russia’s full-scale invasion of Ukraine in 2022, war has become a daily reality for thousands of Ukrainian children. Some Ukrainian military units, such as the Azov Brigade, offer boot camps for teenagers to teach them the basics of self-defense, first aid, dry firing, and other survival skills — helping them prepare for both the realities of today and the uncertainties of the future.

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