Taipei, Nvidia to sign HQ contract before Lunar New Year: Mayor Chiang

Taipei, Feb. 4 (CNA) The Taipei City government and Nvidia Corp. will sign a contract before the Lunar New Year allowing the AI chip designer to build its Taiwan headquarters in the Beitou Shilin Technology Park, Taipei Mayor Chiang Wan-an (蔣萬安) said Wednesday.

Chiang, who previously said the contract signing for land rights to plots T17 and T18 in the technology park would take place between Feb. 10 and 15, gave the updated estimate to reporters while attending a Taipei Metro groundbreaking ceremony on Wednesday morning.

The Lunar New Year falls on Feb. 17 this year, though the nine-day holiday in Taiwan will run from Saturday, Feb. 14 to Sunday, Feb. 22.

The Taipei City government is scheduled to review the land rights plan and royalties for the contract with Nvidia on Wednesday.

Once the review is complete, there will also be a subsequent valuation review, negotiations and contract signing procedures, with the final signing to take place before the Lunar New Year, Chiang said.

Nvidia CEO Jensen Huang wrapped up a four-day visit to Taiwan earlier this week, during which he attended a year-end party for Nvidia Taiwan staff and met with major suppliers including Taiwan Semiconductor Manufacturing Co. (TSMC).