Taiwan’s electronics company ASUS will withdraw from Russia in light of its reputation, following a letter from the Ukrainian minister urging the company to break its ties with Moscow on Monday. Said.
Ukraine’s Deputy Prime Minister Mihailo Fedrov calls on ASUS Chairman Johnny Sea on March 10 to “end relations and suspend operations in the Russian Federation until Russia’s invasion of Ukraine is completely stopped.” Issued a letter.
“We will stop the relationship between Russian-based clients and partners, including the supply of hardware and electronic devices, the provision of technical support and services to the Russian Federation by your company and its affiliates. I appeal to you, “Fedrov said in a letter. Post With his Twitter account.
ASUS did not make a statement following Fedrov’s letter and did not respond to requests for comment.
As a bystander in parliament, Taiwan’s economic minister, Wang Mika, reaffirmed his support for democracy and said he had taken steps against Russia, although he could not comment on specific corporate actions.
Mr. Wang said ASUS will “take full account of its reputation” and “evacuate related businesses and personnel as soon as possible” based on her “first understanding” of the company’s situation.
ASUS does not provide a breakdown of revenue by country. For the third quarter of last year, it reported that Europe accounted for only one-third of its revenue.
According to the latest quarterly report, the company has a fully owned Russian sales unit, but there are similar units around the world and Ukraine has a product support unit.
Russia’s invasion of Ukraine has raised concerns that China may become bold and decide to invade Taiwan, a de facto independent country that the communist regime considers to be part of its territory.
Taiwan condemned Russia’s attack on Ukraine and said it had promised to participate in sanctions against Moscow. Prime Minister Su Tseng-chang said on March 1 that Taiwan would work with Western countries to ban Russian banks selected from the SWIFT international payment system.
Currently, there is not much trade between Taiwan and Russia. According to data from the Ministry of Economic Affairs of Taiwan, Taiwan exported $ 1.3 billion worth of goods to Russia and imported $ 5 billion of Russian goods in 2021. Meanwhile, Taiwan’s trade with Russia accounts for only 0.76 percent of the island’s total trade.
Yen Su-chiu, Deputy Secretary-General of the Taiwan Electrical and Electronic Manufacturers Association, said sanctions have caused Taiwanese tech companies to face debt and cash flow issues, even though Russia accounts for only 1% of Taiwan’s electronic exports. He said he could face.
Yen said it was because most of these tech companies have facilities in countries that have imposed sanctions on Russia, the local newspaper Focus Taiwan report on Sunday.
Frank Fang and Reuters contributed to this report.