‘Recent Developments’ Spark Acer to Suspend Its Russia Business

Six weeks into Russia’s invasion of Ukraine, Acer said Friday it decided to suspend its business in Russia, citing “recent developments.” Acer “strictly adheres to applicable international trade laws and regulations, and is closely monitoring the conflict between Russia and Ukraine,” said the PC vendor. “The company is focusing on the safety of all its employees, which includes ongoing efforts to help every individual and their families impacted by the current situation.” Acer’s preliminary Q1 revenue reached 78.37 billion New Taiwan dollars ($2.7 billion), up 9.5% year over year, for its highest first-quarter revenue in nine years, it said. Acer’s Q1 gaming business revenue grew 25.9% from the year-earlier quarter, it said.