News Nvidia Stops All Activity in Russia, Shutting Offices

[Admin]

Nvidia stopped selling to Russian markets in March, but now it is completely shuttering the business it will seek to relocate any of the remaining employees who wish to continue.

Nvidia Stops All Activity in Russia, Shutting Offices : Read more

 

[atomicWAR]

A ten foot pole isn't long enough... G.R.A.P.E.S.

 

[BX4096]

The state TV is already touting it as another huge win for the Russian abacus industry.

"Yeah, well... We're gonna go build our own hardware company, with vodka and hookers. In fact, forget the company!"

 

[ex_bubblehead]

OK, I'm only going to make this announcement once. Keep the politics out of this discussion entirely or the thread will be closed and sanctions handed out.

 

[escksu]

Oh ok.... but doubt its anything new.... I reckon they will buy from China instead.

Thats pretty much whats happening now. Russia is buying lots of electronic stuff from China, including iphones and other computer stuff.

Chinese cmpanies are now moving into Russia market.

 

[samopa]

"The complete withdrawal of Nvidia from Russian business could potentially mean forgoing participation in a market that traditionally contributed about 2% to the firm’s revenues. "

Two percent sounds minuscule, but considering how big NVidia revenue (not profit) is, it meant significant number of dollar. that can translate into significant number of paychecks. Hope that no one that worked at NVidia in US or other country got fired 🙄

 

[scottscholzpdx]

Cant imagine this changes their bottom line at all. By and large the Russian people are very poor.

 

[Geef]

Saying your not selling to Russia does ZERO to someone deciding whether to buy a Nvidia card or a different card. They did this for political points. Nothing more. Otherwise they would have just stopped selling them there and not said anything.

 

[AlexSpirit]

Oh ok.... but doubt its anything new.... I reckon they will buy from China instead.

Thats pretty much whats happening now. Russia is buying lots of electronic stuff from China, including iphones and other computer stuff.

Chinese cmpanies are now moving into Russia market.

You're right. I live in Russia. Absolutely everything is on sale. Prices for gadgets, laptops, smartphones have fallen by about 20 percent since the beginning of the year. I bought an MSI 3060 graphics card cheaper than NVIDIA's recommended prices.