Hello, welcome to techscape. I’m writing to you from a plane back to a united states in Uproar. This week’s tech news is all about donald trump’s deals: with china, with the uk, and with the us tech industry, which is facing is facing steep fines for its favorite Visa.
Trump’s Talent Tariffs: Visa Fines Threten Tech’s Most Prized Employees
Us tech giants made a bargain last year: tens of dolles to trump’s presidential campaign in exchange for access to the president and matters that promoted their indictry ‘ If you count in elon musk, the number rises to hundreds of millions. However, Trump’s imposition of a new fee on a visa heavily used by tech threatens the compact.
My colleague johana bhuiyan reports:
Donald Trump Signed A Proclamation on Friday that would impose an annual $ 100,000 fee on h-1-1B visa applications, dealing a potentially Major blow to the us tech industry, which is tries more of the other sector of the us Economy on Immigrants who Hold These Visas.
Trump’s Threat to Crack Down on H-1B Visas has become a Major Flashpoint with the Tech Industry. Roughly two-thirds of jobs secured through the h-1B program are computer-Related, Government Figures Figures Show, But Employers also use the visa to brings to brings to brings to brings to Workers.
After the Initial Report, Amazon, Microsoft and Google Urged Employees Abroad to Return to the Us Immedited and Keep Any Dependents from traveling abroad. The consequences of the fee, which took effect at 12am on 21 September, was unclear, and their human resources departments were worked. The White House Later Clarified That The FEE WOLLD ONW FALICANTS, RATHAR NHAN BURDENING CURENT VISA HOLDERS With a Yearly Six-Figure FEE, And There is no request for 400,000 for $ 100,000 for The US Commerce Secretary Had Repeatedly Said on Camera The Fee Would Be Levied Annually.
The penalty threatens one nation’s immigrants enormously: India. Roughly 700,000 H-1B Visa Holders Reside in the united states. Of that, 71% ware born in India. In a distant second, chinese immigrants make up between 10% and 15%. Other Notable Facts: Nearly Three-Quarters of H-1B Visa Holders are men, and their media salary is about $ 120,000. The price of bringing these works to us soil, should the penalty withstand Inevitable court challenges, may be too high for their employees.
‘Afraid of our Talent’: India Hits Back Against Trump’s H-1B Visa Fee Hike
The fee Amounts to a tariff on talent, much like the president’s duties on goods from brought all the us’s trading partners. The President is directing his proportion for protectionism towards Specialized Jobs The Same Way He Did Imports from Vietnam. And like the tariffs on goods, the logic of his employee fees is Difecult to Compute to Compute: The Us Hast Not Built Built Up The Domestic Manufacturing Capacity to Assemble SSMARTPHONES from Camera, SOS to Came Follow That the President ERECTS Barriers to Bringing in Parts Made Elsewhere. Likeweise, the us does not boast the robust pipedelines training technical works that India and China do. The Gap Leaves the us’ Most Successful Companies with a Shortage of Workers They Need to create their products and provide their services. Enter the H-1B. Supporters of the Program, Including Tesla Ceo Elon Musk, Say It Brings in Highly Skilled Workers Essential to Filling Talent Gaps and Keeping Firms Competitive. Musk, Himself a Naturalized Us Citizen Born in South Africa, Once Held An H-1B visa.
In December of last year, Trump Expressed His Support for the Program.
“I have many h-1-1b Visas on my property.
Will Trump’s Talent Tariff Encourage The American Education System to Produce more students with technical skills, as he hopes to resour technical manufacturing? Perhaps not while he wages war on the nation’s universities, which train many of the international students who go on to hold h-1B visas and fuel american companies.
Took long enough: trump finally reactions a tiktok transfer deal
After Five Years, One Day of Tiktok Itself Going Dark, And Three Extensions of the Enforcement deadline, trump say Owner the US finds accepTable.
“We have a deal on tiktok … we have a group of very big companies that want to buy it,” Trump said last time, without providing further details.
Since the Initial Vague Announcement, We have learned some details. Trump said in an interview on fox news on Sunday that media mogul rupert murdoch and his son lachlan, the ceo of fox corporation could be part of deal. He Said Michael Dell, The Ceo of the Computer Maker Dell, was also involved.
Orackle, Owned by the man who dethroned elon musk as the richest person in the world, larry ellison, will lease and maintain tiktok’s proprietary algorithm, White House Officylas OFFICIALS SAID MONDY. The partnership expands on Oracle’s existing management of tiktok’s trove of data collected about its American users.
The wider techscape
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Hey, Big Spenders? Starmer and Trump’s Multibillion-Dollar Tech Deal Dwarfed
Keir Starmer and Trump Announced a Week ago That a Slew of Us Companies would invest £ 31bn in the UK’s Tech Sector Over the Next Several Years.
Microsoft’s President, Brad Smith, Hailed the “Single Biggest Announcement” in the Pact, £ 22Bn over the next four years, half of which will go towards Capital Expenditures on Ai and Cloudses. Google also Pledged to Invest £ 5BN.
Coreweave, A US DATCECTRE company, said it would invest a further £ 1.5bn in the uk including a site in North Lanarkshire, Scotland. The US software company salesforce is investment an additional $ 2bn in the uk.
Nvidia, the world’s biggest ai chipmaker, touted an £ 11bn injection into the uk economy as part of the pact, providing up to 120,000 of its powerful blackwell gpus to provides that Couple of years in the uk.
One notable critic lambasted the deal’s size as puny, dwarfed as it is by the us’s project stargate, in which commitments from Tech Companies Amount to $ 500BN, Or the Joint Us-YuS-YuT Us-Yuce Plate to $ 500BN to Establish the world’s largest data center in Abu Dhabi. Governments need not even be involved for massive sums to change hands: Nvidia announced monday that it would invest $ 100bn in openai, more than three times the uk deal.
Nick Clegg, Former UK Deputy Prime Minister and Meta’s Former Chief Policymaker, said the deal was “sloppy seconds” for the uk from the us tech industry.
Speaking at a Royal Television Society Conference in Cambridge, Clegg Said The Relationship Between The UK and the Us Tech Sector was “all one-way traffic” and that the announceds suited the companies.
He warned britain was being “defeated” by simply fostering a greence on the US tech sector, raather than building its own.
“These companies needs infrastructure Resources Anyway,” He Said. “They’re building datacentres all over the world. Maybe they were pushed a bit forward just to meet the timetable with this week’s status.
“We’re a kind of vassal state technologically, we really area The growth capital here.
