CEO Jensen Huang said Nvidia will keep sponsoring H-1B visa employees, but Trump’s new $100,000 fee means the company may have to shell out millions more to keep doing so.
Nvidia would have to pay an estimated $147.3 million if President Donald Trump’s newest fee applied to the H-1B visa-holders the company got approved in 2025, according to a calculation based on data from U.S. Citizenship and Immigration Services. The new $100,000 fee applies only to new H-1B visa applicants and not to those renewing their visas or current visa-holders.
“Legal immigration remains essential to ensuring the U.S. continues to lead in technology and ideas,” Huang reportedly wrote in an internal employee memo this week, Business Insider reported.
While even a multimillion-dollar potential jump in Nvidia’s fee payments for visa applicants may seem insignificant for a company with a market cap of $4.5 trillion, the new charges represent a big increase from the between $2,000 and $5,000 per applicant companies were paying before.
A spokesperson for Nvidia declined to comment.
