Business leaders such as Nvidia CEO Jensen Huang and «Shark Tank» star Kevin O’Leary have weighed in on the $100,000 H-1B visa fee.
Business leaders such as Nvidia CEO Jensen Huang and Netflix chairman Reed Hastings have been weighing in on President Donald Trump’s new $100,000 fee on H-1B visas.
The US issues roughly 85,000 new H-1B visas via a lottery system every year. The H-1B program is highly popular among US companies looking to hire foreign workers for in-demand roles such as tech and engineering.
On Friday, Trump signed an executive order raising the H-1B visa application fee by $100,000. The White House told Business Insider that the fee would only apply to new applicants, not those renewing their H-1B visas.
The sudden move has sparked concerns among Big Tech firms like Amazon, Meta, and Microsoft, whose workers are on H-1B visas. All three companies told their employees on the visa not to leave the US or to quickly return to the country if they were overseas.Jensen Huang
Nvidia CEO Jensen Huang expressed optimism about Trump’s $100,000 H-1B visa fee during an interview with CNBC on Monday.
