The American company NVIDIA was unable to leave Russia without losses. To do this she needed to spend
What is known
A few days after the massiveRussia's invasion of Ukraine NVIDIA has stopped direct deliveries of products to Russia. After more than six months, we can say that the "green company" has officially left the Russian market.
This is evidenced by NVIDIA's quarterly report.Form 10-Q. Interestingly, the cessation of direct sales and the withdrawal from Russia had almost no effect on the company's income, since video cards were the main source of revenue, and Russian retailers continue to sell them. But now they import adapters from other countries under the so-called “parallel import” scheme.
In the last financial year, Russia took 2% inNVIDIA's overall revenue structure. The share of the Russian market in the gaming sector was 4%, i.е. approximately $500 million. In the future, a slight decrease in revenue is expected due to the cessation of sales of professional video cards and accelerators that are not imported into the country through “parallel imports”.
Back in the summer, NVIDIA stopped issuing Russianclients licensed for proprietary software, and last month it became known about the closure of the office. NVIDIA's chief financial officer said the company spent $16 million to restructure its business and stop operations in Russia.