A study by The Center for Responsive Politics shows that Silicon Valley-based companies backed Obama by a better than 5 to 1 ratio.
A CNBC report has some startling figures on the top companies in Silicon Valley. President Obama outperformed John McCain to the tune of $1,437,719 to $267,041 in fundraising from employees at Silicon Valley companies.
Google was Obama's single largest corporate donor, racking up $485,961 in donations compared to only $20,600 for McCain. Google's CEO Eric Schmidt also personally endorsed Obama and appeared in a political broadcast for him.
Employees of Apple gave $98,023 to Obama, but only $16,950 to McCain.
McCain's largest corporate donor was Cisco systems, whose CEO John Chambers is a supporter of John McCain; employees at Cisco gave $80,676 to McCain. But even those donations were outstripped by the $149,078 that employees of Cisco gave to Obama.
Yahoo also had a large gap in its support, its workers gave $100,276 to the Obama campaign, but only $4,050 to McCain. Ebay workers also gave $46,660 to Obama and only $4,150 to McCain.
Oracle also donated a large amount to Obama, giving $143,421 to the Democratic candidate but only $36,586 to his Republican rival.
The only Silicon Valley company to give more money to McCain was Sanmina SCI which gave a paltry $250 to Obama, but not much more to McCain: $2,800.
The Center for Responsive Politics says that it is important to remember that the results do not include contributors that didn't identify their employer. Also that McCain's fundraising was limited because he accepted public-financing while Obama did not.
NEXT: The Apple and Bill Clinton connection
The Apple and Bill Clinton connection
CNBC reports that Silicon Valley has a historic connection with the Democratic party that goes back to John Scully, former CEO of Apple and former Democratic president Bill Clinton. John Scully stepped up to support Bill Clinton, which led to multiple visits from the Clinton administration to Silicon Valley – the area had unprecedented access to the Oval Office during Clinton's tenure.
Perhaps Google is hoping that history will repeat itself with the new incumbent?
"Who benefits" and "follow the money" are key maxims in the rules of any investigation. Are we entering a new age of cooperation between Silicon Valley and the President elect?
Obama's close relationship to some of Silicon Valley's top tech companies could pay dividends over the coming years, with many issues such as net neutrality, stock-options backdating and global trade agreements on the agenda.
Obama's campaign proved itself to be more "tech savvy" than rival John McCain's, perhaps signalling a greater understanding of the role of key technologies in today's market.