The Taipei City Government today announced it has officially inked a deal with Nvidia Corp to build the company’s Taiwan headquarters in the Beitou-Shilin Technology Park.
“Taipei is Nvidia’s home,” Taipei Mayor Chiang Wan-an (蔣萬安) told reporters while presenting the signed contract to reporters.
The city aims for construction to begin in June or July, he added.
Photo: CNA
The contract establishes a 50-year lease for land rights and a maximum extension of 20 years, with royalties totaling NT$12.2 billion (US$388.4 million), Chiang said.
The amount includes NT$1.2 billion to be absorbed by Nvidia as part of a settlement reached after the city government terminated its contract with Shin Kong Life Insurance Co, Deputy Taipei Mayor Lee Shu-chuan (李四川) said on Friday last week.
According to a plan submitted by Nvidia, construction of the headquarters is expected to cost more than NT$40 billion, and create more than 10,000 jobs once operational, Chiang said.
Asked whether Nvidia plans to construct additional office space on the plot designated for Zhoumei Elementary School, Chiang said he has not received any information on the matter.
However, should the company plan to do so, the city government would provide its full support, he added.
The city has since last year been preparing for Nvidia to build its Taiwan headquarters in the technology park.
Shin Kong Life previously had a contract with the Taipei City Government for development rights to the desired T17 and T18 plots.
In October last year, Shin Kong Life relinquished the rights, prompting the city to reimburse the insurer NT$4.4 billion in royalties.
Considering that most countries issue more than five denominations of banknotes, the central bank has decided to redesign all five denominations, the bank said as it prepares for the first major overhaul of the banknotes in more than 24 years. Central bank Governor Yang Chin-lung (楊金龍) is expected to report to the Legislative Yuan today on the bank’s operations and the redesign’s progress. The bank in a report sent to the legislature ahead of today’s meeting said it had commissioned a survey on the public’s preferences. Survey results showed that NT$100 and NT$1,000 banknotes are the most commonly used, while NT$200 and NT$2,000
The Centers for Disease Control (CDC) yesterday reported the first case of a new COVID-19 subvariant — BA.3.2 — in a 10-year-old Singaporean girl who had a fever upon arrival in Taiwan and tested positive for the disease. The girl left Taiwan on March 20 and the case did not have a direct impact on the local community, it said. The WHO added the BA.3.2 strain to its list of Variants Under Monitoring in December last year, but this was the first imported case of the COVID-19 variant in Taiwan, CDC Deputy Director-General Lin Ming-cheng (林明誠) said. The girl arrived in Taiwan on
South Korea is planning to revise its controversial electronic arrival card, a step Taiwanese officials said prompted them to hold off on planned retaliatory measures, a South Korean media report said yesterday. A Yonhap News Agency report said that the South Korean Ministry of Foreign Affairs is planning to remove the “previous departure place” and “next destination” fields from its e-arrival card system. The plan, reached after interagency consultations, is under review and aims to simplify entry procedures and align the electronic form with the paper version, a South Korean ministry official said. The fields — which appeared only on the electronic form
The Ministry of Foreign Affairs (MOFA) is suspending retaliation measures against South Korea that were set to take effect tomorrow, after Seoul said it is updating its e-arrival system, MOFA said today. The measures were to be a new round of retaliation after Taiwan on March 1 changed South Korea's designation on government-issued alien resident certificates held by South Korean nationals to "South Korea” from the "Republic of Korea," the country’s official name. The move came after months of protests to Seoul over its listing of Taiwan as "China (Taiwan)" in dropdown menus on its new online immigration entry system. MOFA last week
RSS