Despite the vocal support from tech billionaire Peter Thiel, Republican presidential candidate Donald Trump definitely isn't a favorite in Silicon Valley.
Apple (AAPL) CEO Tim Cook hosted a fundraiser for Hillary Clinton earlier this year, and the web site CrowdPac suggests that the Republican nominee receives little of the cash that the tech sector donates to the presidential race. Facebook (FB) co-founders Chris Hughes and Dustin Moskovitz, along with eBay (EBAY) founder Pierre Omidyar created the anti-Trump political action committee "Not Who We Are."
Though the Valley shows the candidate little love, the big tech companies would likely get some benefit from Trump's policies on taxes and offshore cash. A Trump administration would not be a four-year stroll in the Rose Garden, though. Trump's take on trade policy and immigration of highly-skilled workers would likely hamper the tech sector's plans.
Overseas cash has become a rich man's problem for Silicon Valley. Tech companies built up vast stockpiles of money overseas, but face a tax hit if they bring it home to pay dividends or other purposes.
Apple will have $230 billion in offshore cash at the end of the year, Moody's projects, while Microsoft (MSFT) will have $113 billion. Cisco (CSCO) will have $62 billion outside the U.S., Moody's estimates, while Oracle (ORCL) will have $52 billion and Alphabet (GOOGL) will have $49 billion.
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