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Shin Kong set to relinquish Nvidia HQ land rights by Friday: Taipei
Focus Taiwan | English | News | Nov. 12, 2025 | UndeterminedReal Estate
Shin Kong Life Insurance is set to return the surface rights of a city-owned plot in Taipei's Beitou Shilin Tech Park to the Taipei city government by Friday. This land is intended for the Taiwan headquarters of U.S.-based semiconductor designer Nvidia Corp. The return follows a mutual termination agreement between Shin Kong and the city, including a fee of approximately NT$4.43 billion (US$142.85 million) payable to Shin Kong Life, pending approval by city lawmakers and Shin Kong's board.
The fee was reviewed by two accountants and is slightly lower than Shin Kong Life's initial proposal of NT$4.47 billion. Deputy Mayor Lee Shu-chuan mentioned that architectural designs and investment plans are currently underway, with Nvidia officials expected to arrive in Taipei next week for discussions. The city aims to finalize the contract with Nvidia by the Lunar New Year holidays and start construction by June 2, 2026, coinciding with a planned visit by Nvidia CEO Jensen Huang.
Shin Kong Life had acquired surface rights to the undeveloped land in 2021 through a public tender but had not begun development. The insurer announced on October 22 its willingness to terminate the contract, contingent on reimbursement of costs already incurred.