Trump Extends $100,000 H-1B Fee; U.S Faces Chip Talent Crisis As Visa Costs Hit Indian Workers| N18G

The US government has extended a $100,000 fee for H-1B visas, which will likely affect Indian workers in the US semiconductor industry. This move comes as the industry faces a severe skilled-labor shortage, with a McKinsey and SEMI Foundation study estimating a significant talent gap. The increased visa costs may deter Indian workers from joining the US chip sector, exacerbating the talent crisis.

Why it matters

The US semiconductor industry is struggling to find skilled workers, and the increased visa costs will make it harder for Indian workers to fill the gap. This could slow down the country's domestic chip manufacturing efforts.

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