On February 11, 2026, the Taipei City Government finalized an agreement with Nvidia Corporation's Taiwan subsidiary to establish the company's headquarters at the Beitou-Shilin Technology Park. This deal, which was signed by Taipei City Mayor Chiang Wan-an and Mark Steven Hoose from Nvidia, grants the company a 50-year lease for land surface rights. The terms include a potential extension of 20 years, alongside substantial royalties amounting to NT$12.2 billion, equating to approximately US$389 million. In line with Nvidia's investment strategy, over NT$40 billion is slated for construction efforts aimed at creating more than 10,000 jobs within the region. The city government has underscored the significant impact of this investment, highlighting the importance of constructing a major AI hub in Taipei, which enhances its global competitiveness and industrial strength. Notably, this development aligns with Nvidia’s strategic plans to strengthen its operational presence in Taiwan, underscoring the region's importance in the global tech landscape. The local government has acknowledged Nvidia's commitment, indicated by the company increasing its local capital from NT$1 billion to NT$4.3 billion. Mayor Chiang has expressed hopes that NVIDIA CEO Jensen Huang will participate in the groundbreaking ceremony, scheduled tentatively for June 2026. This ceremony coincides with Huang's planned visit to Taiwan to attend Computex Taipei, an annual computer expo set to occur from June 2-5. Additionally, the Taipei City Government is open to supporting Nvidia’s plans to establish a second headquarters in the city, indicating a long-term partnership focused on technological innovation and economic growth. Overall, this agreement represents a pivotal moment for both Nvidia and Taipei, as it not only cements Nvidia's long-term investment strategy in Taiwan but also positions Taipei as a central hub for technology and artificial intelligence development. This deal will likely catalyze further investments in the tech sector, driving economic growth and job creation within the city.