Nvidia’s Taipei HQ Plan Stalls Over Land Rights

TaiwanPlus News

Nvidia's Taiwan HQ project is stalled due to a land rights dispute at its preferred location in the north of Taipei. The company has asked the central government to provide a list of suitable alternatives by October 24, while cities across the country are offering to host the new office.

Transcript

00:00NVIDIA's planned regional HQ building touches down at its proposed Taipei location,

00:07the highlight of a keynote speech at this year's Computex trade show.

00:12But when it comes to the real-life landing site for this ship,

00:15Taipei, we've had a problem.

00:17Construction at the firm's preferred location here in the city's northern

00:20Shirlinbeito district has stalled over land rights.

00:24The plot's current contract owner, insurance giant Shinkong,

00:27reportedly wants more than 460 million U.S. dollars to hand this plot over to NVIDIA.

00:33Now that's over 300 million more than they've paid so far.

00:36And that has some city councillors asking, who will pay?

00:52The dispute is over two plots of land, known as T17 and T18,

00:56at a city science park occupied by Shinkong.

00:59Given the land rights dispute, the city is now suggesting this nearby alternative plot.

01:04But it's smaller, and would likely require buying up adjacent private land to meet NVIDIA's needs.

01:10A new regional headquarters from the world's largest company,

01:29with its Taiwan-born CEO, would be a prize for any city.

01:33And now, Taiwan's central government is stepping in to assist NVIDIA,

01:36saying other cities are still on the table.

01:39I think Huayda, of course, is there to be his own study.

01:45Now, he's still concerned about this area of北四科.

01:49But according to our understanding, Huayda,

01:52he also表示 that he doesn't have any other places.

01:57Cities across the country have already raised their hands,

02:00from New Taipei City in the north to Kaohsiung and Tainan in the south.

02:03NVIDIA has asked the central government

02:27to provide a list of suitable locations by October 24th.

02:31Until then, the ship may have to remain in orbit.

02:35Devin Tsai and Chris Gorin for Taiwan Plus.

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