Overview
- Huang told CNBC his family could not have afforded the charge and said their move to the U.S. would not have been possible under the current policy.
- He confirmed Nvidia will continue sponsoring H-1B workers and will pay the fees for employees, with roughly 1,400 current H-1B approvals at the company.
- Fortune reported an estimate that Nvidia could face about $147.3 million in costs based on 2025 approvals if the surcharge applied as calculated.
- President Trump announced the $100,000 fee in September, prompting anxiety across tech and later clarification that it affects only new applicants, not renewals or current holders.
- Industry responses vary, with some firms issuing travel guidance for visa holders and tech leaders like Reed Hastings and Sam Altman expressing support for aspects of the changes.