Nvidia To Reportedly Cover Trump's $100,000 H1-B Visa Fee For New Hires, Says CEO: 'Not...Possible Without Immigration'

Benzinga

Nvidia will keep sponsoring H-1B visas despite Trump’s new $100K fee, with CEO Jensen Huang stressing immigrants’ key role in U.S. tech innovation. The policy faces lawsuits from unions and universities, while China launches a rival K-visa program.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02NVIDIA will continue sponsoring H-1B visas for employees despite Trump's new executive order

00:07imposing a $100,000 fee on applications, according to Business Insider.

00:12Wong supported Trump's visa fee plan, acknowledging it may be too high but saying

00:16large tech firms can handle the costs better than startups.

00:19Wong said in an internal memo that NVIDIA's success was built by immigrants and emphasized

00:23that legal immigration is vital for America's leadership in technology and innovation.

00:28Unions, employers, and universities sued last week claiming the new visa fee unlawfully

00:33harms the program vital to U.S. technology and research.

00:36China introduced the K-Visa program to attract foreign professionals without requiring local

00:40employer sponsorship.

00:41For all things money, visit Benzinga.com.

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