01:55 PM EDT, 10/07/2025 (MT Newswires) -- Nvidia ( NVDA ) Chief Executive Jensen Huang said the chipmaker will continue to sponsor H-1B visas and cover all related costs, Business Insider reported Tuesday, citing an internal memo, amid a new $100,000 fee for skilled foreign worker visa applicants.

In the memo, Huang said that legal immigration is vital for US tech leadership and credited it as essential to Nvidia's ( NVDA ) success, according to the report.

Huang also said in a podcast interview that while the new fee may burden cash-strapped startups, well-funded tech firms like Nvidia ( NVDA ) can absorb the expense, Business Insider reported.

Nvidia ( NVDA ) didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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