Enlarge / Peter Thiel delivered a speech during the Republican National Convention in Cleveland, Ohio. (credit: Chip Somodevilla/Getty Images)

Silicon Valley heavyweight Peter Thiel will soon cement his place as one of Donald Trump’s biggest financial supporters. The New York Times reported last night that the billionaire venture capitalist, who co-founded PayPal, will donate $1.25 million to Trump’s Presidential campaign.

According to the report, part of the money will go to a pro-Trump Super PAC, while some will go directly to the campaign. Thiel declined to comment on the donation, which was sourced to “a person close to” Thiel.

Saying that Trump’s support in Silicon Valley is slim would be a big understatement. Thiel, who spoke at the Republican National Convention in July, is practically the only high-profile tech personality who has come out in support of Trump.