NVIDIA confirms closing of business in Russia by the end of October

It is not involved in the supply of the latest video cards to the local market.

Publication of a quarterly report in the form 10-Q made it possible to obtain confirmation of those actions of NVIDIA in the past quarter, which she refused to talk regarding publicly “in hot pursuit.” Recall that in early October, at the suggestion of Forbes, it became known that the Russian office of NVIDIA would be disbanded by the end of the year, which since the spring of this year might not function normally due to the cessation of supplies of the company’s products through official channels to our country. Part of the staff of the Moscow office of NVIDIA might agree to move to other countries, other employees were fired with the payment of benefits due by law.

Image Source: NVIDIA

news">

recommendations

In general, since the beginning of the fiscal year, the sale of NVIDIA products in the Russian market has brought the company no more than 2% of all revenue, in the gaming segment the share was twice as high. NVIDIA considers this level to be insignificant on a yearly basis. In the third quarter, as noted in the company’s 10-Q report, it ceased all activities in Russia. As we might see the other day, this does not prevent video cards of this brand from appearing in Russian stores quite quickly following the world announcement.

Leave a Replay