Peter Thiel is putting his money on Donald Trump.
The PayPal cofounder and Silicon Valley billionaire is getting ready to invest $1.25 million in the Republican candidate's campaign for president, the New York Times reported Sunday. Thiel will make the donation in a series of super PAC contributions, the Times reported, citing an anonymous source described as close to the billionaire.
Representatives for Thiel and Trump did not immediately respond to requests for comment.
The donation puts Thiel in a minority in Silicon Valley, the Times notes. Trump's financial support from the Valley has been scant, only raising slightly under $300,000 from tech companies, according to CrowdPac. Meanwhile, Hillary Clinton, Trump's Democratic rival for the White House, has raised more than $7 million.
Trump's lack of support from the Valley may be due in large part to criticism he has heaped on many prominent tech companies. He called for a boycott of Apple products after the company refused to help the FBI hack a terrorist's phone. Trump has also accused Amazon CEO Jeff Bezos of purchasing The Washington Post as a way of lowering Amazon's tax bill.
US Tech Policy
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