President Donald Trump imposed new fees on H-1B visas, raising them to $100,000 for new applicants. The H-1B program allows U.S. employers to hire skilled foreign professionals in specialized fields like STEM. India was the largest beneficiary of H-1B visas last year.

California leads in H-1B visa applications, with Texas close behind. New fees could impact U.S. companies relying on foreign talent. Analysts estimate costs could hit company margins and profits. Big Tech sponsors many H-1B visas, while Indian IT firms could be most affected.

Higher visa fees could strain U.S. companies’ budgets, potentially impacting margins and profits. Big Tech and Wall Street banks are among top H-1B visa sponsors. Consultancy firms like Deloitte and Indian IT companies like Tata Consultancy Services could also feel the impact.

Read more at Yahoo Finance: Explainer-H-1B visa – what is it and who are its beneficiaries?