| | | Trump administration to add $100,000 fee for H-1B visas - CBS News share.google
These visas run between three and six years. The fee is an annual fee. The new rules come into effect Sunday.
From Google AI: "H-1B visa statistics for Qualcomm
According to immigration data services and government reports, Qualcomm's H-1B visa activity includes the following:
Fiscal Year 2025: Qualcomm filed 619 Form I-129 petitions for H-1B visas and saw 612 of them approved. Of these, 42 were for new employees.
Fiscal Year 2024: Qualcomm received 1,291 H-1B approvals and filed 3,716 Labor Condition Applications (LCAs).
Fiscal Year 2022: A study from the Economic Policy Institute noted that Qualcomm had 524 H-1B petition approvals for initial employment.
Multi-year data: Between fiscal years 2022 and 2024, Qualcomm filed a total of 9,305 LCAs for H-1B visas. The company also received 1,789 total H-1B approvals in FY 2022 and 1,438 in FY 2023."
It's fairly confusing as to whether the numbers above are for total visas current in a year or represent new visas for that year.
If the number represents current visas outstanding. Assume that Q averages roughly 1200 H-1b outstanding visas a year. That's $120 million/annually for visas; Overnite, Q's costs have increased roughly $.10/share annually.
HOWEVER, if Q gets an average of 1200 NEW visas a year, and each lasts six years, that's 7200 annual visa payments a year. That's $720 million a year - and, that is $.65ish cents off profits ANNUALLY, FOREVER, overnight.
My bet is the amount would be somewhere less than the maximum and somewhat more than the minimum. Regardless, a new unexpected expense which needs to be factored into the stock price. |
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