GPU developer Nvidia has announced that it will halt direct sales to Russia and cease all commercial operations in the country. This is stated in the company report for the third quarter.

Nvidia announced the cessation of all commercial operations in Russia

“During the first quarter of fiscal 2023, we suspended direct sales to Russia… In the third quarter of 2023, we closed business operations in Russia,” the report text reads.

It is also noted that sales in the Russian Federation by 2022 account for only 2% of the total, and 4% of sales in the mining field.

The US company suspended sales and deliveries of its products to Russia in early March due to hostilities in Ukraine. Over the summer, the US authorities added a license requirement for Nvidia. The new rules prohibit the company from exporting to China and Russia two types of chips that could be redirected to “military end use” or “military end user.”

Later, the media reported that Nvidia would be closing its office in Russia.

Author:

Natalia Gormaleva

Source: RB

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