Intel sold the largest office in Russia – Kommersant
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The American corporation Intel has sold its largest office in Russia, opened in 2020 in Nizhny Novgorod. TASS drew attention to this. According to an agency source, the company has long been looking for a buyer for the regional office.
As follows from the reports, the transaction was completed in January 2024. Buyer not specified. The TASS interlocutor also did not name the buyer. The deal included the building itself, as well as land plots. As of 2023, the Russian division of Intel, which includes two legal entities, employed two people. Previously, the corporation had 1.2 thousand employees in Russia.
In Nizhny Novgorod, Intel owned an RnD office, a hub for research and development in Russia. It also included divisions for the development of cross-platform software and AI solutions.
The corporation suspended operations in Russia in April 2022. According to reporting data, for 2023, two Russian legal entities of Intel received a net loss of 192 million rubles. and 21 million rubles. with zero revenue. In 2022, the total loss of two Russian entities amounted to more than 3 billion rubles.
Why IT specialists have again intensified their attempts to leave Russia – in the material “Emigramists of the new wave”.
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