"The companies and the White House did not respond to questions about specific amounts given. Google and YouTube parent Alphabet in late September agreed to pay $22 million toward the ballroom, in a settlement over a lawsuit by Trump over his suspension from YouTube after the January 6 insurrection. In similar cases, Meta agreed to pay $22 million toward Trump's presidential library, and X agreed to pay a settlement of about $10 million."
"At Trump's inauguration in January, Google CEO Sundar Pichai, Meta CEO Mark Zuckerberg, and Apple CEO Tim Cook sat behind the President. Google and Meta donated $1 million each to Trump's inauguration committee, as did Cook and OpenAI CEO Sam Altman personally. in August, Trump announced that the U.S. was taking a 10 percent stake in Intel, and chipmakers Nvidia and AMD agreed to pay the government 15 percent of their AI chip sales in China."
"The same month, Apple's Cook, facing the possibility of steep tariffs affecting the price of iPhones, gave Trump a plaque with a 24-karat gold bar as a base, as the pair announced the Cupertino firm planned to invest $100 billion in domestic manufacturing. On the same day, the White House announced iPhones would be exempted from 50% tariffs on India, where Apple makes most of its U.S.-bound iPhones."
Silicon Valley companies have strengthened ties with President Donald Trump through donations, gifts, settlements, and public displays of support. Google, Meta, Apple, and HP donated to the new White House ballroom; Alphabet agreed to pay $22 million in a settlement, while Meta and X paid roughly $22 million and $10 million in related settlements. Several CEOs attended Trump's inauguration and made $1 million donations. The administration and firms reached commercial agreements including a 10% U.S. stake in Intel and Nvidia and AMD agreeing to remit 15% of AI chip sales in China. Apple announced a $100 billion domestic investment and received an exemption from proposed 50% tariffs on iPhones from India.
Read at www.mercurynews.com
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