Business

Trump’s $100,000 H-1B Fee Draws Rare Rebuke From Business Groups

By Bloomberg News

Copyright financialpost

Trump’s $100,000 H-1B Fee Draws Rare Rebuke From Business Groups

Cutting-edge sectors like artificial intelligence and biomedical engineering will need a high-skilled workforce to sustain their pace of growth in the US, the groups wrote. The H-1B changes risk hurting progress in those key areas, the groups said. Intel Corp., Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co., Applied Materials Inc. and KLA Corp. all have members on SEMI’s board.