Nvidia has registered a new employee-funded political action committee (PAC) with the Federal Election Commission, according to a report from Bloomberg cited by Tom's Hardware. The PAC will accept voluntary contributions of up to $5,000 per year from eligible employees and may donate to federal candidates from both parties as well as party committees whose positions align with Nvidia's interests.
The move comes as Nvidia substantially expands its Washington presence. The company has spent more than $2.5 million on federal lobbying so far this year, an increase from the same period last year, according to lobbying disclosures. In June, Nvidia hired Bruce Andrews, a former U.S. deputy secretary of commerce, to lead its government affairs efforts.
Nvidia reportedly told employees that policymakers are increasingly focused on the AI industry and that decisions made in Washington affect both Nvidia's business and its customers' ability to obtain and deploy its technologies. The company emphasised that Congress's choices over the coming years could have substantial consequences for the AI industry and the everyday use of AI technology.
The PAC is intended to support politicians whose positions are favorable to Nvidia on issues such as AI regulations, export controls, education, infrastructure spending, and workforce policy. Nvidia's growing political engagement reflects the high stakes as the AI chip market expands and governments around the world weigh new rules for the technology.