Nvidia has announced its exit from the Russian market

Nvidia has officially announced that it has left the Russian market. The company confirmed this in a quarterly report on the form for investors.

Nvidia has been operating in the Russian market since 2003. In March 2022, sales in the Russian Federation were suspended. In September, the US banned the company from exporting processors for supercomputers and machine learning tasks to Russia and China. In October, Nvidia closed its office in Russia.

For the fiscal year ending January 30, 2022, the company earned $500 million in Russia. At the same time, the company considers sales volumes to be insignificant.