Nvidia says it is ceasing all activities in Russia, relocating employees

nvidia-says-it-is-ceasing-all-activities-in-russia,-relocating-employees

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Stock Markets 30 minutes ago (Oct 03, 2022 02:02PM ET)

Nvidia says it is ceasing all activities in Russia, relocating employees © Reuters. FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith

(Reuters) – U.S. chipmaker Nvidia (NASDAQ:NVDA) Corp said on Monday it is ceasing all activities in Russia and giving employees there the option of continuing their jobs in other countries.

“After previously suspending shipments to the country, we had continued to maintain our office to support our employees and their families. With recent developments, we can no longer operate effectively there,” it said in an emailed statement.

Nvidia says it is ceasing all activities in Russia, relocating employees

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