Nvidia officially left Russia
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The American technology company Nvidia has officially left Russia, follows from its financial statements for the third quarter of 2022 (.pdf). She has been working in Russia since 2003.
The company estimates that in 2022, Russia accounts for about 2% of total sales and 4% of gaming sales. Direct sales for 2022 in the Russian market Nvidia considers “insignificant”.
According to the report, the company’s revenue may be negatively affected by a special operation in Ukraine. They noted that all financial transactions with Russia were suspended in October.
Nvidia suspended sales in Russia in March. In July the company stopped renew and sell licenses to Russian companies for their cloud gaming software. October 3 Forbes reported that until the end of October the company planned to close the office in Russia “because of the inability to ensure effective work.”
Nvidia is a developer of GPUs that are used in video games, the automotive industry, and more. It was founded in 1993.
Read more about the company’s departure from Russia – in the material “Kommersant” “Nvidia is moving out of the office”.
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