- NVIDIA will continue sponsoring H-1B visas for tech workers despite increasing fees.
- The cost for an H-1B VISA rose from about $900 to $100,000 following a recent executive order signed by President Donald Trump.
- Nvidia CEO Jensen Huang stated that immigration plays a key role in the company’s success.
- The Trump administration plans to change the H-1B allocation system to favor the highest-bidding employers instead of using a lottery.
- California, where Nvidia is based, leads the nation in H-1B applications each year.
Nvidia CEO Jensen Huang confirmed that his company will keep sponsoring H-1B work visas for foreign tech employees. This statement followed recent changes to U.S. immigration policy that significantly raised the cost of these visas.
The new executive order, signed in mid-September by President Donald Trump, increases the price of H-1B visas from about $900 in combined fees to $100,000. Huang said Nvidia remains committed to hiring international talent, even with these higher expenses.
In a message to staff cited by Business Insider, Huang wrote, “As one of many immigrants at Nvidia, I know that the opportunities we’ve found in America have profoundly shaped our lives.” He added, “The miracle of Nvidia — built by all of you, and by brilliant colleagues around the world — would not be possible without immigration.”
The H-1B is a temporary visa that lets U.S. companies hire skilled foreign workers in fields such as technology, engineering, and medicine. Current regulations award H-1B visas through a lottery, but the Trump administration wants to switch to a system where visas go to the companies that pay the most. This is intended to address concerns that the lottery is overused and takes jobs from American workers.
It is not yet clear if the $100,000 fee is an additional cost or if it includes existing charges like the $215 registration and $780 petition fees. According to U.S. Citizenship and Immigration Services, California has received the most H-1B applications every year since 2018. In his message, Huang emphasized, “legal immigration remains essential to ensuring the U.S. continues to lead in technology and ideas,” and said government changes “reaffirm this.”
Financial analysts remain largely positive about Nvidia, with 91% of 65 analysts at CNN Business rating the stock a “buy” this month, even as share prices stayed below $200 in October. For more details, see the CNN Business forecast on NVDA.
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