Intel becomes latest Western tech firm to suspend business in Russia
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U.S. chipmaker Intel Corp stated on Tuesday it has suspended organization operations in Russia, signing up for a slew of businesses to exit the state next its invasion of Ukraine.
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The business, which experienced past thirty day period suspended shipments to customers in Russia and Belarus, mentioned it has implemented business continuity actions to decrease disruption to its global functions.
“Intel continues to be a part of the international neighborhood in condemning Russia’s war in opposition to Ukraine and calling for a swift return to peace,” the organization stated.
| Ticker | Protection | Previous | Adjust | Modify % |
|---|---|---|---|---|
| INTC | INTEL CORP. | 45.67 | -1.34 | -2.85% |
Global Company Machines Corp much too had suspended shipments as Ukraine urged U.S. cloud-computing and application corporations to cut off company with Russia.
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Servers from IBM, Dell Technologies Inc and Hewlett Packard Organization Co major the market in Russia, in which businesses and government agencies have relied on engineering created by the West as the basis for their owned-and-operated IT devices.
(Reporting by Maria Ponnezhath in Bengaluru Editing by Sherry Jacob-Phillips and Arun Koyyur)