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Swedish million support to Trump's inauguration

The telecom company Ericsson has donated the equivalent of 5.5 million kronor to Donald Trump's presidential inauguration ceremony. Ericsson is not the only Swedish company that has donated, Spotify has also contributed to the ceremony fund.

» Published: 20 January 2025, 16:46

Swedish million support to Trump's inauguration
Photo: Lars Schröder/TT

This is the first time Ericsson is donating money to a presidential inauguration committee in the USA, according to Dagens industri.

Ericsson has "joined other technology leaders in supporting the committee's activities through a donation of 500,000 USD", it says in a message on the company's intranet, which Di has accessed.

How much money is involved, Spotify's press service does not want to disclose to Dagens Nyheter, which revealed the donation on Monday evening.

Ericsson's CEO Börje Ekholm comments on the donation on the company's intranet:

"Our strong market share in the USA and our commitment to secure networks make us a critical part of the national security structure. The donation reflects this and our growing commitment to the USA at a crucial time on the path towards a fully digital economy."

Donald Trump was sworn in as president in Washington on Monday.

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By TTThis article has been altered and translated by Sweden Herald

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