The world's highest skyscraper, Taipei 101, yesterday welcomed the Bayer Group as its first tenant and is preparing for its second tenant, Swiss insurer Winter Life, to move in later this month.
Bayer, which is Germany's second-largest chemical and drug maker, will locate its Taiwan headquarters on the tower building's 53rd and 54th floors. The new office space accommodates about 230 of Bayer Taiwan's employees.
"We like this building very much, and believe it is the safest place to work, with the high-tech infrastructure and design," said Elmar Stachels, chief executive officer of Bayer's Greater China region, during the moving-in ceremony yesterday.
PHOTO: CHANG CHIA-MING, TAIPEI TIMES
With a five-year lease, Bayer believes the move will help it attract domestic and international businesses, as well as bolster its business in Taiwan, Stachels said.
Future tenants
Winter Life will relocate its Taiwan branch to Taipei 101 next Monday, said Harace Lin (
Other future tenants include Peoples' King International Co, D.B. Zwirn Advisors Taiwan and the Taiwan Stock Exchange Corp (TSE). The TSE is currently the largest tenant, holding the 9th to the 12th floors. It will move in by year's end.
Now that the first tenant has commenced operations in the building, more potential customers waiting on the sidelines will be more interested in exploring leasing options, said Calvin Wang (王治平), managing director of Jones Lang LaSalle International Property Consultants, the leading leasing agent for the skyscraper.
Currently, the occupancy rate at Taipei 101 is still about 35 percent for the 58,000-ping office space, but Wang is confident that the building will be 60 percent to 70 percent full by the end of the year, and next to full by the end of next year.
"Many companies have shown strong interest in making Taipei 101 their address these days, [giving it] prestige like the Empire State Building in New York City," Wang said.
As for the safety concerns of some prospective tenants following several accidents during the tower's construction, Wang said doubts had been dissolved now that the building had withstood several major earthquakes. As a result, current tenants were more interested in renting higher levels of the building.
Strict controls on access would also give confidence to customers, Wang said.
Floor pass
Taipei 101 utilizes the Visitor Access Kiosk System developed by Siemens AG, which enables visitors to key in the floor or company they want to visit.
With confirmation by the tenant, the visitor receives a pass allowing entry through a security door.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that its investment plan in Arizona is going according to schedule, following a local media report claiming that the company is planning to break ground on its third wafer fab in the US in June. In a statement, TSMC said it does not comment on market speculation, but that its investments in Arizona are proceeding well. TSMC is investing more than US$65 billion in Arizona to build three advanced wafer fabs. The first one has started production using the 4-nanometer (nm) process, while the second one would start mass production using the
A TAIWAN DEAL: TSMC is in early talks to fully operate Intel’s US semiconductor factories in a deal first raised by Trump officials, but Intel’s interest is uncertain Broadcom Inc has had informal talks with its advisers about making a bid for Intel Corp’s chip-design and marketing business, the Wall Street Journal reported, citing people familiar with the matter. Nothing has been submitted to Intel and Broadcom could decide not to pursue a deal, according to the Journal. Bloomberg News earlier reported that Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is in early talks for a controlling stake in Intel’s factories at the request of officials at US President Donald Trump’s administration, as the president looks to boost US manufacturing and maintain the country’s leadership in critical technologies. Trump officials raised the
‘SILVER LINING’: Although the news caused TSMC to fall on the local market, an analyst said that as tariffs are not set to go into effect until April, there is still time for negotiations US President Donald Trump on Tuesday said that he would likely impose tariffs on semiconductor, automobile and pharmaceutical imports of about 25 percent, with an announcement coming as soon as April 2 in a move that would represent a dramatic widening of the US leader’s trade war. “I probably will tell you that on April 2, but it’ll be in the neighborhood of 25 percent,” Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs. Asked about similar levies on pharmaceutical drugs and semiconductors, the president said that “it’ll be 25 percent and higher, and it’ll
CHIP BOOM: Revenue for the semiconductor industry is set to reach US$1 trillion by 2032, opening up opportunities for the chip pacakging and testing company, it said ASE Technology Holding Co (日月光投控), the world’s largest provider of outsourced semiconductor assembly and test (OSAT) services, yesterday launched a new advanced manufacturing facility in Penang, Malaysia, aiming to meet growing demand for emerging technologies such as generative artificial intelligence (AI) applications. The US$300 million facility is a critical step in expanding ASE’s global footprint, offering an alternative for customers from the US, Europe, Japan, South Korea and China to assemble and test chips outside of Taiwan amid efforts to diversify supply chains. The plant, the company’s fifth in Malaysia, is part of a strategic expansion plan that would more than triple