The Taipei City Government and Nvidia Corp are to sign a contract before the Lunar New Year allowing the artificial intelligence (AI) chip designer to build its Taiwan headquarters in the Beitou Shilin Technology Park, Taipei Mayor Chiang Wan-an (蔣萬安) said yesterday.
Chiang, who previously said the contract signing for land rights to plots T17 and T18 in the technology park would take place between Feb. 10 and Feb. 15, gave the updated estimate to reporters while attending a Taipei MRT groundbreaking ceremony.
The Lunar New Year falls on Feb. 17 this year, although the nine-day holiday in Taiwan is to run from Saturday next week to Feb. 22.
Photo: Chang Chia-ming, Taipei Times
The Taipei City Government is scheduled to review the land rights plan and royalties for the contract with Nvidia today.
Once the review is complete, there would also be a subsequent valuation review, negotiations and contract signing procedures, with the final signing to take place before the Lunar New Year, Chiang said.
Nvidia CEO Jensen Huang (黃仁勳) wrapped up a four-day visit to Taiwan earlier this week, during which he attended a year-end party for Nvidia Taiwan staff and met with major suppliers, including Taiwan Semiconductor Manufacturing Co.
Meanwhile, the Taipei City Government held a Zone Expropriation and Land Consolidation Committee meeting yesterday afternoon to review the case’s land surface rights proposal and the royalty payments.
After the meeting ended, Taipei Deputy Mayor Lee Shu-chuan (李四川), who convened the meeting, told reporters that the royalty payments are not subject to public disclosure at this time, but the payment approved by the committee would be referred to the city government for negotiations with Nvidia.
Once negotiations are complete, the contract would be signed, marking the final step in this process, he said, adding that if negotiations proceed smoothly, the contract would be signed before Saturday next week, and that the land surface rights would follow a “50+20” year lease (a 50-year lease with a 20-year extension) principle.
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