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: January 20 2025

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.

Tags

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Ubisoft and Tencent Invest $1.25
1 MIN READ

Ubisoft and Tencent Invest $1.25 Billion in New Gaming Subsidiary

Sweden to Build Major Carbon
2 MIN READ

Sweden to Build Major Carbon Capture Facility in Stockholm by 2028

Vattenfall Prepares Autumn Application as
2 MIN READ

Vattenfall Prepares Autumn Application as Sweden Backs Nuclear Expansion

US Car Tariffs Threaten Swedish
2 MIN READ

US Car Tariffs Threaten Swedish Auto Industry, Warns Dousa

Nordic Nations Unite to Tackle
1 MIN READ

Nordic Nations Unite to Tackle Unsafe Products from Temu and Shein

Volvo Recalls 73,000 Hybrids Over
1 MIN READ

Volvo Recalls 73,000 Hybrids Over Fire Risk in Battery Charging

Four Charged in Nasdaq Stockholm
2 MIN READ

Four Charged in Nasdaq Stockholm Insider Trading Scandal

European Car Stocks Drop After
1 MIN READ

European Car Stocks Drop After US Tariff Announcement

Trump Warns EU and Canada
1 MIN READ

Trump Warns EU and Canada of Higher Tariffs Over Economic Moves

Sweden's FI Pushes for Clearer
1 MIN READ

Sweden's FI Pushes for Clearer Mortgage Rate Discount Notices

Trump's Trade Tariffs Add Pressure
2 MIN READ

Trump's Trade Tariffs Add Pressure to H&M's Struggling Sales

US Implements 25% Car Tariffs
2 MIN READ

US Implements 25% Car Tariffs to Boost Domestic Production

Sweden to Cut Ties with
3 MIN READ

Sweden to Cut Ties with Underperforming Job Placement Firms

US Tariffs Trigger Global Stock
1 MIN READ

US Tariffs Trigger Global Stock Market Dip; Volvo and Banks Hit Hard

SBAB Increases Fixed-Rate Mortgage Interest
1 MIN READ

SBAB Increases Fixed-Rate Mortgage Interest by 0.10 Points

Second-Hand Market Sees Over 40
1 MIN READ

Second-Hand Market Sees Over 40 Percent Drop in February

Tokyo Stocks Dip as US
1 MIN READ

Tokyo Stocks Dip as US Tariff Threats Shake Asian Markets

Japanese Car Stocks Tumble After
1 MIN READ

Japanese Car Stocks Tumble After Trump's Tariff Announcement

US Considers Lower Tariffs for
1 MIN READ

US Considers Lower Tariffs for China in Tiktok Sale Deal

Trump's Vehicle Tariffs Spark EU
2 MIN READ

Trump's Vehicle Tariffs Spark EU Regret and Market Reactions

Wall Street Dips as Traders
2 MIN READ

Wall Street Dips as Traders Brace for Trump's Tariff Announcement

Swedish Player Wins Record 1.25
2 MIN READ

Swedish Player Wins Record 1.25 Billion Kronor: What's Next?

Northvolt Bankruptcy Delays Salaries for
1 MIN READ

Northvolt Bankruptcy Delays Salaries for Former Employees by a Week

Defense Spending Surge Set to
3 MIN READ

Defense Spending Surge Set to Raise Interest Rates, Warns Nordea Economist

Wall Street Bonuses Hit Record
1 MIN READ

Wall Street Bonuses Hit Record 47.5 Billion Dollars

Princess Madeleine Faces Scrutiny Over
1 MIN READ

Princess Madeleine Faces Scrutiny Over Instagram Post on Skin Care

Proposal to Reduce Samhall Workforce
3 MIN READ

Proposal to Reduce Samhall Workforce by 1,000 for Quality Boost

Riksbank Plans Interest Rate Hike
3 MIN READ

Riksbank Plans Interest Rate Hike as Economic Outlook Dims

UK Inflation Drops to 2.8
1 MIN READ

UK Inflation Drops to 2.8 Percent, Surprising Analysts

Swedish Food Prices Rise in
3 MIN READ

Swedish Food Prices Rise in Line with European Trends

Stockholm Stock Exchange Drops 1.5
1 MIN READ

Stockholm Stock Exchange Drops 1.5 Percent as Market Sentiment Sours

Asian Markets Rise in Early
1 MIN READ

Asian Markets Rise in Early Wednesday Trading

Toxic Substances Found in Over
1 MIN READ

Toxic Substances Found in Over Half of Online Products, Review Shows

Wall Street Shows Cautious Gains
2 MIN READ

Wall Street Shows Cautious Gains as Economic Concerns Loom

Finnair Cancels 70 Flights Due
1 MIN READ

Finnair Cancels 70 Flights Due to Finnish Trade Union Action

Genre image
1 MIN READ

US to Ease Sanctions on Russian Agricultural Exports

Vattenfall to Build Germany's Largest
1 MIN READ

Vattenfall to Build Germany's Largest Offshore Wind Farm by 2028

US Consumer Confidence Hits 12-Year
1 MIN READ

US Consumer Confidence Hits 12-Year Low Over Inflation Concerns

Gunvor Restructures Leadership After Oil
1 MIN READ

Gunvor Restructures Leadership After Oil Trading Setbacks

Swedish Krona Hits Strongest Level
2 MIN READ

Swedish Krona SEK Hits Strongest Level Against Euro and Dollar Since 2022