Intel Becomes Latest Western Tech Firm to Suspend Business in Russia

The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly
The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly
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Intel Becomes Latest Western Tech Firm to Suspend Business in Russia

The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly
The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly

US chipmaker Intel Corp said on Tuesday it has suspended business operations in Russia, joining a slew of companies to exit the country following its invasion of Ukraine.

The company, which had last month suspended shipments to customers in Russia and Belarus, said it has implemented business continuity measures to minimize disruption to its global operations.

"Intel continues to join the global community in condemning Russia's war against Ukraine and calling for a swift return to peace," the company said.

International Business Machines Corp too had suspended shipments as Ukraine urged US cloud-computing and software companies to cut off business with Russia.

Servers from IBM, Dell Technologies Inc and Hewlett Packard Enterprise Co top the market in Russia, where companies and government agencies have relied on technology developed by the West as the basis for their owned-and-operated IT systems.



Huawei's Meng Wanzhou Takes Over as Rotating Chairperson

FILE PHOTO: Meng Wanzhou, Huawei's rotating chairperson and chief financial officer, speaks at the Mobile World Congress in Shanghai, China June 28, 2023. REUTERS/Nicoco Chan/File Photo
FILE PHOTO: Meng Wanzhou, Huawei's rotating chairperson and chief financial officer, speaks at the Mobile World Congress in Shanghai, China June 28, 2023. REUTERS/Nicoco Chan/File Photo
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Huawei's Meng Wanzhou Takes Over as Rotating Chairperson

FILE PHOTO: Meng Wanzhou, Huawei's rotating chairperson and chief financial officer, speaks at the Mobile World Congress in Shanghai, China June 28, 2023. REUTERS/Nicoco Chan/File Photo
FILE PHOTO: Meng Wanzhou, Huawei's rotating chairperson and chief financial officer, speaks at the Mobile World Congress in Shanghai, China June 28, 2023. REUTERS/Nicoco Chan/File Photo

Meng Wanzhou on Tuesday took over from Eric Xu as the rotating chairperson of China's Huawei Technologies for the next six months, the Shenzhen-based telecoms giant and smartphone maker said.
Meng, who is also the daughter of Huawei's founder Ren Zhengfei, will also continue to serve as the company's chief financial officer concurrently, Reuters reported.
The 52-year-old is taking the reins at a time when Huawei is going head-to-head with rival Apple over smartphone sales. Both companies launched their latest devices on the same day in September, with Huawei rolling out a premium tri-fold phone that costs $2,800.
Meng, described as the "Princess of Huawei" by Chinese media, was caught up in an extradition drama several years ago.
She was detained in Vancouver in December 2018 after a New York court issued an arrest warrant, saying Meng had tried to cover up attempts by Huawei-linked companies to sell equipment to Iran in breach of US sanctions.
Meng was allowed to return to China in September 2021 after reaching an agreement with US prosecutors to end a bank fraud case against her.