Overview
- Nvidia will continue H-1B sponsorships and cover costs for employees, with the CEO noting the company currently backs about 1,400 visas.
- President Donald Trump’s policy imposes a $100,000 charge on each new H-1B petition, not on renewals or current visa holders.
- Fortune estimated Nvidia’s exposure at roughly $147.3 million if the fee applied to the H-1B approvals the company received in 2025, characterizing it as a calculation based on USCIS data.
- Huang, a Taiwanese-born immigrant, told CNBC the fee would have prevented his own family from coming to the United States.
- Some tech leaders endorsed the change, with Netflix’s Reed Hastings calling it a “great solution” and OpenAI’s Sam Altman expressing support for the approach.