TAIPEI (TVBS News) —Nvidia has chosen Taipei's Beitou Shilin Technology Park (BSTP, 北投士林科技園區) as the site for its first overseas headquarters, signing an agreement with Taipei City Government on Wednesday (Feb. 11). The investment, exceeding NT$40 billion (approximately US$1.27 billion), aims to create over 10,000 jobs, marking a significant milestone for Taipei and Taiwan.
Taipei Mayor Chiang Wan-an (蔣萬安) announced plans to begin construction on the headquarters in June or July, with the city government fully supporting the initiative. "Taipei is Nvidia's home," he said, emphasizing the city's importance to the company's strategic plans. The deal, finalized last Friday (Feb. 6), involved an NT$12.2 billion (approximately US$388 million) royalty agreement granting a 50-year land-use right with an additional 20-year option.
Mayor Chiang highlighted that Nvidia initially considered Singapore, Hong Kong, and the British Virgin Islands before choosing Taipei. The decision led to the establishment of Taiwan Nvidia Classic Co., Ltd. (台灣輝達經典股份有限公司), which increased its capital from NT$800 million (approximately US$25.4 million) to NT$1 billion (approximately US$31.8 million) and completed a capital injection of NT$3.3 billion (approximately US$104.9 million).
Mayor Chiang expressed his delight at Nvidia's decision, "We are delighted that Nvidia's first overseas headquarters has successfully been established in the Beitou Shilin Technology Park. Taipei is Nvidia's home, and this further proves that it has the capabilities to become the heart of the AI technology industry in the future," he emphasized.