From CNBC · Samantha Subin · · 1m 20s
Nvidia and Cisco donate millions to Trump ballroom
Tech giants including Nvidia, Apple and Cisco have committed multimillion-dollar donations to President Trump's White House ballroom renovation through a nonprofit trust.
In brief
Tech giants including Nvidia, Apple and Cisco have committed multimillion-dollar donations to President Trump's White House ballroom renovation through a nonprofit trust. Nvidia, Cisco and other major tech companies donated millions to Trump's White House ballroom project, raising concerns among lawmakers about…
Nvidia and Cisco confirm ballroom gifts
Nvidia and Cisco have committed multimillion-dollar donations to President Donald Trump's White House ballroom renovation project, CNBC confirmed on Thursday.
Nvidia and Apple lead tech donors
Nvidia and Apple each pledged twenty five million dollars to the project, according to The Washington Post. Those were among the largest donations on a list totaling more than three hundred thirty million dollars.
Other major tech companies contributed
Amazon, Palantir, ServiceNow, Meta Platforms and Microsoft also contributed in the millions. Cisco confirmed its five million dollar donation. Microsoft and Meta declined to comment.
Nvidia says donation is nonpartisan
Nvidia stated: "As an American company, our support for the United States is paramount, and independent of any business interests.
“As an American company, our support for the United States is paramount, and independent of any business interests.”
Lawmakers worry about donor influence
Lawmakers and experts have called out donations to the project and raised concerns over potential influence on policy decisions or federal contract awards. Tech leaders have favored Trump's pro-business approach to antitrust and regulation.
The short version
Nvidia, Cisco and other major tech companies donated millions to Trump's White House ballroom project, raising concerns among lawmakers about potential influence on policy and federal contracts.
