The Taipei City Government yesterday announced that 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 : Tien Yu-hua, Taipei Times
The contract establishes a 50-year lease for land rights with 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.
Actor Darren Wang (王大陸) was sentenced to six months in prison, commutable to a fine, by the New Taipei District Court today for contravening the Personal Data Protection Act (個人資料保護法) in a case linked to an alleged draft-dodging scheme. Wang allegedly paid NT$3.6 million (US$114,380) to an illegal group to help him evade mandatory military service through falsified medical documents, prosecutors said. He transferred the funds to Chen Chih-ming (陳志明), the alleged mastermind of a draft-evasion ring, although he lost contact with him as he was already in detention on fraud charges, they said. Chen is accused of helping a
UNREASONABLE SURVEILLANCE: A camera targeted on an road by a neighbor captured a man’s habitual unsignaled turn into home, netting him dozens of tickets The Taichung High Administrative Court has canceled all 45 tickets given to a man for failing to use a turn signal while driving, as it considered long-term surveillance of his privacy more problematic than the traffic violations. The man, surnamed Tseng (曾), lives in Changhua County and was reported 45 times within a month for failing to signal while driving when he turned into the alley where his residence is. The reports were filed by his neighbor, who set up security cameras that constantly monitored not only the alley but also the door and yard of Tseng’s house. The surveillance occurred from July
SECURITY: Starlink owner Elon Musk has taken pro-Beijing positions, and allowing pro-China companies to control Taiwan’s critical infrastructure is risky, a legislator said Starlink was reluctant to offer services in Taiwan because of the nation’s extremely high penetration rates in 4G and 5G services, the Ministry of Digital Affairs said yesterday. The ministry made the comments at a meeting of the legislature’s Transportation Committee, which reviewed amendments to Article 36 of the Telecommunications Management Act (電信管理法). Article 36 bans foreigners from holding more than 49 percent of shares in public telecommunications networks, while shares foreigners directly and indirectly hold are also capped at 60 percent of the total, unless specified otherwise by law. The amendments, sponsored by Chinese Nationalist Party (KMT) Legislator Ko
A Japan Self-Defense Forces vessel entered the Taiwan Strait yesterday, Japanese media reported. After passing through the Taiwan Strait, the Ikazuchi was to proceed to the South China Sea to take part in a joint military exercise with the US and the Philippines, the reports said. Japan Self-Defense Force vessels were first reported to have passed through the strait in September, 2024, with two further transits taking place in February and June last year, the Asahi Shimbun reported. Yesterday’s transit also marked the first time since Japanese Prime Minister Sanae Takaichi took office that a Japanese warship has been sent through the Taiwan
RSS