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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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"Russia is playing for time here, and in doing so is also acting against the will of the American president. In today's talks, I called for increasing the pressure on Moscow," German Chancellor Friedrich Merz said on March 3 after meeting with U.S. President Donald Trump.

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