Nvidia to start employee-funded US political action committee
Companies often set up federal political action committees, called PACs, to donate to political candidates who are aligned with their corporation's policy goals. Nvidia joins other tech companies, including Meta Platforms and Alphabet's Google, in creating a committee to spend money to influence elections.
Tech behemoth Nvidia plans to establish an employee-funded political action committee (PAC) in the United States, according to a source familiar with the matter. The committee, named NVPAC, is a strategic move to bolster Nvidia's influence on U.S. policy. The source revealed the news, with Nvidia yet to respond to the request for comment.
Political action committees, or PACs, are commonplace among companies looking to donate to candidates who align with their policy goals. Nvidia joins a growing list of tech companies, including Meta Platforms and Alphabet's Google, that have set up such committees to spend money on influencing elections. Nvidia executives Gavin Sherry and Sundeep Madra have already made a contribution of $443,000 to the Republican National Committee, as per Federal Election Commission records.
Bloomberg Government first broke the story on the formation of NVPAC. However, Nvidia chose not to provide any additional information on the matter.
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