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.
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