Nvidia CEO Jensen Huang said Wednesday that his family's immigration to the U.S. "would not have been possible" with the Trump administration's current policy.

President Donald Trump announced in September that employers would have to pay a $100,000 fee for each H-1B visa, a temporary worker visa granted to foreign professionals with specialized skills.

Huang, who was born in Taiwan and later moved Thailand, immigrated to the U.S. at nine years old with his brother. His parents joined them around two years later.

"I don't think that my family would have been able to afford the $100,000 and and so the opportunity for my, my family and for me to be here ... would not have been possible," Huang told CNBC's "Squawk Box."

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