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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Economy

Economy

Chipmaker Nvidia raises $15 million for non-profits helping Israel-Hamas war-hit civilians

Perplexity AI
A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike... A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake/File PhoTO
Perplexity AI
A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike... A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake/File PhoTO

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The American chipmaker Nvidia (NVDA.O) and its employees have donated $15 million to non-profit organizations in Israel and other nations that are assisting civilians affected by Israel’s conflict with the Palestinian militant group Hamas.

In a statement on Sunday, Nvidia said that thousands of employees from more than thirty countries contributed $5 million, and the company matched their contributions. They increased to ten million dollars since it was part of a unique initiative to assist individuals affected by the conflict.

In the thirty years that the firm has been in operation, it was stated that the contribution was the most significant humanitarian fundraising ever. “We are proud to see such broad support from Nvidia families in Israel and around the world, and we are grateful for their prayers and hope for the return of our colleague Avinatan Or and the other hostages from Hamas captivity,” according to Gideon Rosenberg, Nvidia’s assistant general.

“The sincere concern of our employees worldwide truly inspires us.”According to his LinkedIn page, Or, who is thirty years old, has worked as an engineer at Nvidia since April 2022. On October 7, during the Nova music festival, Hamas kidnapped him in addition to his girlfriend, Noa Argamani, and about 240 other people. Some of the individuals who were taken captive have since been released.

According to Nvidia, workers have decided to give to several regional organizations. These organizations include the Asor Fund (JGive), American Friends of Magen David Adom, Doctors Without Borders, Friends of United Hatzalah, IsraAID (US) Global Humanitarian Assistance, Jewish Agency for Israel, World Central Kitchen, and Zaka.

Additionally, Nvidia stated that it had delivered thousands of hot meals from its Yokneam office cafeteria and donated hundreds of laptops to families evacuated from the north and south of Israel by the Israeli government.


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