Taiwanese tech company Acer said Friday it was shutting down all business in Russia after Taipei extended sanctions over Moscow’s invasion of Ukraine.
Self-governed Taiwan has been closely monitoring the conflict in Ukraine and has quickly joined the international sanctions against Russia.
The invasion has raised fears that China could one day follow through on threats to annex its smaller neighbor.
Acer said in a statement that it has decided to suspend its operations in Russia “due to recent developments”.
“The company focuses on the safety of all its employees, including ongoing efforts to help every individual and their families affected by the current situation.”
The government of Taiwan recently listed 57 “high-tech strategic goods” subject to stricter export controls, including computers, telecom and electronic devices, as well as semiconductor-making equipment.
Exporters must obtain prior approval from the Bureau of Foreign Trade if they wish to ship the controlled items to Russia.
The island is a major microchip manufacturing center and home to the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Company (TSMC).
Last month, another leading Taiwanese computer maker Asus announced that its shipments to Russia were “on hold” because of the war.
Acer’s announcement came days after Ukrainian Deputy Prime Minister Mykhailo Fedorov published a letter to Asus chairman Jonney Shih calling on the company to “end all relations” with Russia.
Fedorov – who is also Ukraine’s digital minister – has also urged multinational tech companies such as Intel, Microsoft and PayPal to shut down their operations in Russia.
A growing number of multinationals, from McDonald’s to Adidas and Samsung, have completely or partially shut down their activities in Russia.