Nvidia expansion in Taiwan gained momentum after Shin Kong Life Insurance agreed to relinquish land-use rights in Taipei’s Beitou District. The insurer’s decision supports Nvidia’s growth and reinforces Taiwan’s role in the global semiconductor industry.
Shin Kong Life chairman Mark Wei said the company made the decision for the nation’s greater good. He confirmed that the insurer would not seek compensation for future losses. However, it asked the Taipei City Government to reimburse costs already paid. Wei added that the Nvidia expansion is crucial to Taiwan’s long-term industrial development.
The insurer’s move ended a months-long dispute among Nvidia, Shin Kong Life, and the Taipei City Government. The disagreement focused on legal barriers and financial terms for transferring surface rights on two Beitou plots.
Nvidia had approached Shin Kong Life last year to obtain the land rights for office expansion. The chipmaker already occupies property owned by the insurer in Taipei’s Neihu District. It needed additional space to support collaboration with major partners like Taiwan Semiconductor Manufacturing Co.
Earlier this year, the two companies signed a memorandum of understanding to finalize the transfer. Under the plan, Nvidia would assume the rights and reimburse Shin Kong Life’s expenses. However, the Taipei City Government later blocked the deal. Officials cited laws preventing excessive profit from public land.
Faced with the impasse, Shin Kong Life decided to give up the land rights entirely. Wei said the company chose cooperation over conflict, calling the Nvidia expansion a national priority. He stressed that the insurer was willing to contribute to the country’s industrial future.
Taipei Mayor Chiang Wan-an praised the insurer’s move as a positive step forward. He promised that the city government would update Nvidia and continue coordination efforts.
Deputy Mayor Lee Ssu-chuan added that both sides would negotiate the reimbursement amount soon. He noted that the city must confirm the costs of design and preparatory work first.
Minister of Economic Affairs Kung Ming-hsin said the government is helping Nvidia locate suitable sites for its new office complex. The ministry plans to present more than 10 potential locations by November 23. Kung added that even partially suitable sites would be included for Nvidia’s reference.
Shin Kong Life’s decision also reflects a shift in its priorities. The insurer had previously argued that the land could generate billions in rental income. However, after merging into TS Financial Holding, the company placed national interest above commercial returns.
With this resolution, the Nvidia expansion now faces fewer obstacles. The move underscores Taiwan’s determination to remain a vital hub for chipmaking, innovation, and artificial intelligence.
