Nvidia (NASDAQ:NVDA) is set to invest more than NT$40 billion to establish its first overseas headquarters in Taiwan, according to a report from ETtoday citing Taipei Mayor Chiang Wan-an.
Taipei’s city government signed an agreement with Nvidia on Wednesday to move forward with the headquarters development. The land royalties associated with the project are reportedly valued at NT$12.2 billion.
The investment is projected to generate more than 10,000 jobs, spanning both the construction period and subsequent operations. Groundbreaking on the new headquarters could begin as early as June or July, the report said.