Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalIntel is an American multinational corporation and technology company headquartered in Santa Clara, California. It is the world's largest semiconductor chip manufacturer by revenue.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalIn the Russian Federation, the company has two development centers - in Moscow and Nizhny Novgorod. Intel has officially joined Apple, which had previously refused to use metals from the Russian Federation in its devices. Google, which produces Pixel smartphones, and Microsoft, which produces game consoles, continue to use Russian tungsten, gold and tantalum in their gadgets. The United States has a ban on tantalum from the Russian Federation, but not a single company has been fined for such imports. Intel Corporation has sold its Nizhny Novgorod office - the largest in Russia, as follows from the reporting of one of Intel's legal entities in the Russian Federation. Russian legal entities of the American technology company Intel - Intel A/O and Intel Technologies - showed zero revenue at the end of 2023, as follows from their reports. Both companies were unprofitable, but compared to the previous year, the size of the net loss decreased: for Intel A/O - by 92.1%, to 192 million rubles, for Intel Technologies - by 96.7%, to 20 .8 million rub. In 2023, both Russian legal entities of Intel had an average number of employees equal to one person.
The company suspended all shipments to customers in both Russia and Belarus. There are no statements about suspension of the local offices. Supply channels to Russia have remained open despite Western export restrictions and manufacturer bans. The Russians continue to create combat drones using technologies from Intel, Raspberry, and other Western companies. According to the Yermak-McFaul group, the Kh-101 air-launched cruise missiles contain at least 53 types of ECUs (microcircuits, chips, etc.) produced by foreign companies. In particular, components from companies such as STMicroelectronics (Switzerland), Vicor (USA), XILINX (USA), Intel Corporation (USA), Texas Instruments (USA), ZILOG (USA), Maxim Integrated (USA) and Cypress Semiconductor (USA). Intel Corporation has sold its Nizhny Novgorod office - the largest in Russia.