Tickerlog
Wednesday 6th of April 2022 04:09:47 AM

Intel suspends operations in Russia, calls for 'swift return to peace'

Intel company logo on the roof. RobsonPL/iStock Editorial via Getty Images
  • Intel (NASDAQ:INTC) said late on Tuesday that it would become the latest company to suspend its operations or withdraw from Russia following its invasion of Ukraine.
  • "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 in a statement obtained by Reuters.
  • Intel (INTC) shares were lower in premarket trading on Wednesday, falling slightly more than 1% to $47.61.
  • The Santa Clara, California-based semiconductor giant joins a list that includes companies such as Apple (AAPL), Nike (NKE), Coca-Cola (KO) and many others.
  • On Monday, Intel and Lockheed Martin (LMT) signed an agreement to advance 5G-capable communications.

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