Taipei: Both the city government and Nvidia want Shin Kong Life to terminate the contract, but they have yet to agree on the amount of compensation. On Thursday, Welch Lin, president and spokesperson of TS Financial Holding Co., Shin Kong Life's parent company, declined to discuss compensation, saying the ceremony was held on an auspicious date under the lunar calendar and was "not a provocative move."

According to Focus Taiwan, Lin stated that the company had followed all regulations and had not delayed construction, as alleged by Taipei Deputy Mayor Lee Shu-chuan. Lin explained that Shin Kong Life received the miscellaneous structures permit only on Oct. 9. "From the very beginning, Shin Kong Life never intended to get a penny from the Taipei City government or its taxpayers," Lin said, emphasizing that the compensation issue was between Shin Kong Life and Nvidia.

During a visit to Tainan on Thursday, Taipei Mayor Chiang Wan-an noted that Nvidia hopes to obtain the plots' surface rights once the city and Shin Kong Life agree to end the current contract. Chiang also mentioned that the city has identified alternative sites to keep the Silicon Valley company's Taiwan headquarters in Taipei.

Meanwhile, the Taipei City Construction Management Office confirmed that Shin Kong Life received the miscellaneous structures permit on Oct. 9. The office stated that the company must apply for construction within six months but has not yet done so. The ceremony did not violate any regulations, as it did not involve actual construction work such as excavation for foundations, basements, or diaphragm walls.