The Taipei City Government is urging Shin Kong Life Insurance Co. to agree on a compensation deal for the surface rights of land in the Beitou Shilin Science Park, where NVIDIA intends to build its new Taiwan headquarters. The dispute arises from a contract that prevents Shin Kong Life from transferring the rights before completing construction. The city government has proposed a compensation amount, but Shin Kong Life is reportedly seeking a significantly larger sum based on long-term profit estimates. Taipei's mayor has expressed confidence in reaching a resolution by NVIDIA's deadline of October 24, after which the company has requested alternative site proposals. This development introduces a notable uncertainty into NVIDIA's expansion plans in Taiwan, a critical hub for the semiconductor industry.
NVIDIA's Taiwan Headquarters Plan Faces Headwind Amid Land Compensation Dispute
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