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Major tech giant suspends business in Russia

Taiwanese computer maker Acer has suspended its business in Russia, the company announced on its website on Friday.

The multinational hardware and electronics corporation said the decision was made “due to recent developments,” referring to “the conflict between Russia and Ukraine.”

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The Taiwanese firm has joined the mass exodus of tech corporations such as Sony, Samsung, Intel, Apple, AMD, Adobe, and IBM, from Russia after sanctions were imposed on the country over its military operation in Ukraine.

READ MORE: US tech giant joins mass exodus of Western firms from Russia

Another Taiwan-based computer manufacturer, Asus, announced plans to withdraw from Russia last month, but according to a recent report by the Yale School of management, sales in the country have not been suspended.

Chinese-American computer maker Lenovo has also continued to operate in Russia.

For more stories on economy & finance visit RT’s business section

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