'Would not be possible without immigration', says CEO Jensen Huang; Nvidia to continue sponsoring H-1B visas: Report

'And the miracle of Nvidia — built by all of you, and by brilliant colleagues around the world — would not be possible without immigration,' Nvidia CEO said.

Chipmaker Nvidia's CEO Jensen Huang said that the company will continue sponsoring H-1B visas and cover all costs. The CEO's statement comes after US President Donald Trump's order last month that imposed a $100,000 fee on each new application.

Huang said the "opportunities found in America have profoundly shaped lives."

"And the miracle of Nvidia — built by all of you, and by brilliant colleagues around the world — would not be possible without immigration," he said.

US President Donald Trump had signed a proclamation, 'Restriction on entry of certain non-immigrant workers', to raise the H-1B visa fee to a staggering $100,000 annually.

Last week, US Commerce Secretary Howard Lutnick mentioned that there will be “a significant number of changes” in the H-1B visa process before February 2026, when the new fee of $100,000 goes into effect.

Amid widespread panic and chaos, the Trump administration clarified that the new fee requirement for H-1B visas will not apply to current visa holders and is a one-time payment applicable only to new petitions.

“There was a lottery. The H-1B is a lottery,” he said, adding that in his recent conversation with heads of two of the biggest tech companies in the world, “they said doing a lottery for skilled workers coming into America is 'bizarre'.”

Lutnick questioned why a nation should bring in skilled workers through a lottery. “That just doesn't make any sense.”

(With Reuters and PTI inputs)