Business major

PC vendor Acer suspends operations in Russia

  • By Lisa Wang / Staff Reporter

PC supplier Acer Inc (宏碁) announced yesterday that it will suspend operations in Russia due to its invasion of Ukraine, joining an exodus of major global companies.

Acer’s move came after lawmakers urged the PC maker and its local counterparts Asustek Computer Inc (華碩) and Micro-Star International Co (微星) to pull out of Russia.

The three companies were the only Taiwanese companies still active in Russia, after more than 600 companies withdrew following the Feb. 24 invasion, according to a list from the Yale School of Management.

“Acer strictly abides by applicable international trade laws and regulations and is closely monitoring the conflict between Russia and Ukraine,” the company said in a statement yesterday.

“The company is focused on the safety of all of its employees, which includes continued efforts to help each individual and their families affected by the current situation,” the statement said.

Acer has built a significant business in Russia, ranking second in PC shipments in the last quarter of last year, behind China’s Lenovo Group (聯想), according to market researcher Statista.

Acer accounted for about 17% of total shipments to Russia, according to statistics. Asustek came next with a market share of 15.6%.

Acer said yesterday that its revenue last month rose 32.3% month-on-month and 9.2% year-on-year to NT$30.31 billion ($1.05 billion).

In the first quarter of this year, the company’s revenue increased 9.5% year-on-year to NT$78.37 billion from NT$71.56 billion, its best performance in the first quarter in about nine years, Acer said.

Gaming products posted strong year-on-year growth of 25.9% last quarter and commercial products jumped 36.9% year-on-year, while desktop PC revenue increased 30.3%.

Acer said its efforts to diversify into new businesses beyond PCs have paid off.

Non-PC business revenue grew 32.1% year-on-year, outpacing overall business growth, the statement said.

Asustek posted revenue of NT$55.03 billion last month, up about 20% from NT$45.9 billion in March last year, according to a filing with of the Taiwan Stock Exchange.

Revenue for the first quarter of the year increased 19.16% year-on-year to NT$138.42 billion from NT$116.16 billion.

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