Share on facebook
Share on twitter
Share on linkedin
Share on email

America and the World’s Most Profitable Company Was Founded By a Legal Immigrant

You probably heard the news last month that microchip producer Nvidia – which is the world leader in artificial intelligence – became the most valuable company on the planet for a time last month. It surpassed Microsoft and Apple. These three tech companies keep trading the lead and each has a market cap of above $3 trillion.

This one company is worth more than most of the countries in the world. It was founded 30-some years ago in Santa Clara, CA by Jensen Huang, an engineer from Taiwan who still serves as CEO

At least one-third of America’s top tech companies were founded or cofounded by legal immigrants – including Intel and Google among hundreds of others. A recent study found that among the next generation of startups – the billion-dollar companies that have not yet gone public – 55% were founded or co-founded by legal immigrants.

This is just another useful reminder that legal immigration is America’s greatest comparative advantage.

SUBSCRIBE TO THE
Unleash Prosperity Hotline

 

1155 15th St NW, Ste 525
Washington, DC 20005