Tuesday, June 10, 2025

Trump’s Crackdown on Foreign Students Threatens to Disrupt Pipeline of Inventors

Immigrants who came as students created the USB port and numerous other innovations

By Paul Kiernan of The WSJ. Excerpts:

[Immigrants] "authored 23% of U.S. patents from 1990 to 2016, according to a 2022 study by Shai Bernstein of Harvard Business School and four co-authors. They founded or co-founded more than half of America’s billion-dollar startups, according to another study."

"In a 2022 study, Anderson [Stuart Anderson, who now runs the National Foundation for American Policy] found that immigrants founded or co-founded 319 of 582 U.S. startup companies that had achieved valuations of $1 billion or more, including Stripe, Instacart and Epic Games. Nearly half of those had been founded by immigrants who attended U.S. universities"

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