TSMC Subsidiaries Chart
| Note 1: | To simplify overseas investment structure, in the second quarter of 2014, the Board of Directors of TSMC Solar approved to file for the liquidation of TSMC Solar Europe. After the liquidation, TSMC Solar Europe GmbH, the 100% owned subsidiary of TSMC Solar Europe, will be held directly by TSMC Solar. The liquidation procedure has been processed starting from the third quarter of 2014. | ||||
| Note 2: |
|
TSMC and its subsidiaries strive to provide the best foundry services in the industry. Subsidiaries in North America, Europe, Japan, China, and South Korea are dedicated to servicing TSMC customers worldwide. WaferTech in the United States and TSMC China provide additional 8-inch wafer capacity. Other subsidiaries support the Company’s core foundry business with related services such as design service and invest in start-up companies involved in design, manufacturing, and other related businesses in the semiconductor industry. Beginning in 2010, certain TSMC subsidiaries also engage in researching, developing, designing, manufacturing and selling of solid state lighting devices and related products and systems, and solar-related technologies and products. On December 31, 2014, we reclassified TSMC SSL as a disposal group held for sale. On February 17, 2015, TSMC SSL ceased to be TSMC’s subsidiary because TSMC’s and TSMC subsidiary’ shares in TSMC SSL were sold to Epistar Corporation.
TSMC Subsidiaries
As of 12/31/2014
Unit: NT(USD, EUR, JPY, KRW, RMB, CAD)$ thousands
Company (Note 1) |
Date of Incorporation |
Place of Registration |
Capital Stock |
Business Activities |
|
|---|---|---|---|---|---|
| TSMC North America | Jan. 18, 1988 |
San Jose, California, U.S. |
US$ | 11,000 | Selling and marketing of integrated circuits and semiconductor devices |
| TSMC Europe B.V. | Mar. 04, 1994 |
Amsterdam, the Netherlands |
EUR | 100 | Marketing and engineering supporting activities |
| TSMC Japan Limited | Sep. 10, 1997 |
Yokohama, Japan |
JPY | 300,000 | Marketing activities |
| TSMC Korea Limited | May 02, 2006 |
Seoul, Korea |
KRW | 400,000 | Customer service and technical supporting activities |
| TSMC China Company Limited | Aug. 04, 2003 |
Shanghai, China |
RMB | 4,502,080 | Manufacturing and selling of integrated circuits at the order of and pursuant to product design specifications provided by customers |
| TSMC Technology, Inc. | Feb. 20, 1996 |
Delaware, U.S. |
US$ | 0.001 | Engineering support activities |
| InveStar Semiconductor Development Fund, Inc. | Sep. 10, 1996 |
Cayman Islands |
US$ | 600 | Investing in new start-up technology companies |
| InveStar Semiconductor Development Fund, Inc. (II) LDC. | Aug. 25, 2000 |
Cayman Islands |
US$ | 9,578 | Investing in new start-up technology companies |
| TSMC Development, Inc. | Feb. 16, 1996 |
Delaware, U.S. |
US$ | 0.001 | Investment activities |
| WaferTech, LLC | Jun. 03, 1996 |
Washington, U.S. |
US$ | 0 | Manufacturing, selling, testing and computer-aided designing of integrated circuits and other semiconductor devices |
| TSMC Partners, Ltd. | Mar. 26, 1998 |
Tortola, British Virgin Islands |
US$ | 988,268 | Investing in companies involved in the design, manufacture, and other related business in the semiconductor industry |
| TSMC Design Technology Canada Inc. | May 28, 2007 |
Ontario, Canada |
CAD | 2,434 | Engineering support activities |
| TSMC Global Ltd. | Jul. 13, 2006 |
Tortola, British Virgin Islands |
US$ | 3,284,000 | Investment activities |
| Mutual-Pak Technology Co., Ltd. | Mar. 22, 2006 |
Taipei, Taiwan |
NT$ | 268,184 | Manufacturing and selling of electronic parts and researching, developing and testing of RFID |
| Emerging Alliance Fund, L.P. | Jan. 10, 2001 |
Cayman Islands |
US$ | 24,255 | Investing in new start-up technology companies |
| VentureTech Alliance Fund II, L.P. | Feb. 27, 2004 |
Cayman Islands |
US$ | 14,811 | Investing in new start-up technology companies |
| VentureTech Alliance Fund III, L.P. | Mar. 25, 2006 |
Cayman Islands |
US$ | 113,674 | Investing in new start-up technology companies |
| Growth Fund Limited | May 30, 2007 |
Cayman Islands |
US$ | 2,180 | Investing in new start-up technology companies |
| VentureTech Alliance Holdings, LLC | Apr. 25, 2007 |
Delaware, U.S. |
N/A | Investing in new start-up technology companies | |
| TSMC Solar Ltd. | Aug. 16, 2011 |
Taichung, Taiwan |
NT$ | 11,341,000 | Researching, developing, designing, manufacturing and selling renewable energy and energy saving related technologies and products |
| TSMC Solar North America, Inc. | Sep. 03, 2010 |
Delaware, U.S. |
US$ | 1 | Selling and marketing of solar related products |
| TSMC Solar Europe B.V. (Note 2) | Sep. 29, 2010 |
Amsterdam, the Netherlands |
EUR | 100 | Investing in solar related business |
| TSMC Solar Europe GmbH (Note 2) | Dec. 17, 2010 |
Hamburg , Germany |
EUR | 100 | Selling of solar related products and providing customer service |
| TSMC Solid State Lighting Ltd. (Note 3) | Aug. 16, 2011 |
Hsinchu, Taiwan |
NT$ | 6,008,000 | Researching, developing, designing, manufacturing and selling solid state lighting devices and related applications products and systems |
| TSMC Guang Neng Investment, Ltd. | Jan. 19, 2012 |
Taipei, Taiwan |
NT$ | 200,000 | Investment activities |
Shareholders in Common of TSMC and Its Subsidiaries with Deemed Control and Subordination
None.
Rosters of Directors, Supervisors, and Presidents of TSMC’s Subsidiaries
As of 12/31/2014
Unit: NT$(USD), except shareholding
| Company (Note 1) | Title |
Name |
Shareholding |
|
|---|---|---|---|---|
Shares (Investment Amount) |
% (Investment Holding%) |
|||
TSMC North America |
Director Director President |
Dick Thurston Rick Cassidy Rick Cassidy |
- - - TSMC holds 11,000,000 shares |
- - - 100% |
TSMC Europe B.V. |
Director Director President |
Wendell Huang Maria Marced Maria Marced |
- - - TSMC holds 200 shares |
- - - 100% |
TSMC Japan Limited |
Director Director Supervisor President |
Chih-Chun Tsai Makoto Onodera Lora Ho Makoto Onodera |
- - - - TSMC holds 6,000 shares |
- - - - 100% |
TSMC Korea Limited |
Director Director Director |
Shing-Wha Lin Chih-Chun Tsai Wendell Huang |
- - - TSMC holds 80,000 shares |
- - - 100% |
| TSMC China Company Limited | Chairman Director Director Supervisor President |
F.C. Tseng M.C. Tzeng L.C. Tu Lora Ho L.C. Tu |
- - - - - (TSMC’s investment US$596,000,000) |
- - - - - (100%) |
TSMC Technology, Inc. |
Chairman Director President |
Lora Ho Cliff Hou Cliff Hou |
- - - TSMC Partners, Ltd. holds 10 shares |
- - - 100% |
| InveStar Semiconductor Development Fund, Inc. | Director | Wendell Huang |
- TSMC Partners, Ltd. holds |
- 97.09% |
| InveStar Semiconductor Development Fund, Inc. (II) LDC. | Director | Wendell Huang | - TSMC Partners, Ltd. holds |
- 97.09% |
TSMC Development, Inc. |
Chairman Director President |
Lora Ho Sylvia Fang Lora Ho |
- - - TSMC Partners, Ltd. holds 10 shares |
- - - 100% |
WaferTech, LLC |
Director Director President |
M.C. Tzeng Steve Tso Kuo-Chin Hsu |
- - - TSMC Development, Inc. holds |
- - - 100% |
TSMC Partners, Ltd. |
Director Director President |
Lora Ho Sylvia Fang Lora Ho |
- - - TSMC holds 988,268,244 shares |
- - - 100% |
| TSMC Design Technology Canada Inc. | Director Director Director President |
Cliff Hou Cormac Michael O’Connell Sylvia Fang Cliff Hou |
- - - - TSMC Partners, Ltd. holds 2,300,000 shares |
- - - - 100% |
TSMC Global Ltd. |
Director Director |
Lora Ho Sylvia Fang |
- - TSMC holds 3,284 shares |
- - 100% |
| Mutual-Pak Technology Co., Ltd. | Chairman Director Director Supervisor President |
Hsu-Tung Chen Lewis Hwang VentureTech Alliance Fund III, Wei-Pong Lin Lewis Hwang |
1,107,010 shares 2,508,000 shares 15,643,347 shares
2,508,000 shares |
4.13% 9.35% 58.33%
0.11% 9.35% |
Emerging Alliance Fund, L.P. |
None |
None |
(TSMC’s investment US$24,255,367) |
(99.50%) |
| VentureTech Alliance Fund II, L.P. | None |
None |
(TSMC’s investment US$14,811,244)) |
(98.00%) |
| VentureTech Alliance Fund III, L.P. | None
|
None
|
(TSMC’s investment US$113,674,346) |
(98.00%) |
Growth Fund Limited |
None |
None |
(VentureTech Alliance Fund III, L.P.’s investment US$2,180,000) |
(100%) |
| VentureTech Alliance Holdings, LLC | None |
None |
None |
(100%) |
TSMC Solar Ltd. |
Chairman Director Director Supervisor President |
Steve Tso F.C. Tseng Lora Ho Wendell Huang (Note 2) |
- - - - TSMC holds 1,118,000,000 shares TSMC Guang Neng Investment, Ltd. |
- - - - 98.58% 0.47% |
TSMC Solar North America, Inc. |
Director Director President |
Lora Ho Sylvia Fang Ying-Chen Chao |
- - - TSMC Solar Ltd. holds 1,000 shares |
- - - 100% |
| TSMC Solar Europe B.V. (Note 3) |
Director Director |
Lora Ho Richard Thurston |
- - TSMC Solar Ltd. holds 200 shares |
- - 100% |
| TSMC Solar Europe GmbH (Note 3) | Director Director |
Lora Ho Ying-Chen Chao |
- - TSMC Solar Europe B.V. holds 200 shares (Note 3) |
- - 100% |
| TSMC Solid State Lighting Ltd. (Note 4) | Chairman Director Director Supervisor President |
Steve Tso F.C. Tseng Lora Ho Wendell Huang C.H. Chen |
- - - - - TSMC holds 554,674,437 shares TSMC Guang Neng Investment, Ltd. Holds 10,806,037 shares |
- - - - - 92.32% 1.80% |
| TSMC Guang Neng Investment, Ltd. | Director Director |
Lora Ho Sylvia Fang |
- - (TSMC’s investment NT$200,000,000) |
- - 100% |
Operational Highlights of TSMC Subsidiaries (Note)
As of 12/31/2014
Unit: NT$ thousands, except EPS ($)
| Company | Capital Stock |
Assets |
Liabilities |
Net Worth |
Net Revenue |
Income (Loss) |
Net Income (Loss) |
Basic Earnings (Loss) |
|---|---|---|---|---|---|---|---|---|
| TSMC North America |
348,898 |
97,812,833 |
93,828,463 |
3,984,370 |
495,744,116 |
(14,266) |
(60,200) |
(5.47) |
| TSMC Europe B.V. | 3,857 |
425,349 |
113,297 |
312,052 |
484,455 |
51,287 |
40,265 |
201,324.25 |
| TSMC Japan Limited | 79,560 |
167,062 |
46,946 |
120,116 |
229,000 |
10,005 |
3,655 |
609.12 |
| TSMC Korea Limited | 11,640 |
36,107 |
2,680 |
33,427 |
25,917 |
2,356 |
3,086 |
38.57 |
| TSMC China Company Limited | 23,016,884 |
35,818,491 |
3,849,884 |
31,968,607 |
19,736,436 |
6,100,111 |
6,587,991 |
NA |
| TSMC Technology, Inc. | 0.03 |
675,662 |
199,540 |
476,122 |
1,272,852 |
60,612 |
61,349 |
6,134,854.03 |
| InveStar Semiconductor Development Fund, Inc. | 19,031 |
45,356 |
40,857 |
4,500 |
24 |
(13,875) |
(13,876) |
(17.63) |
| InveStar Semiconductor Development Fund, Inc. (II) LDC | 303,782 |
805,145 |
84,662 |
720,483 |
71,936 |
43,694 |
43,693 |
4.56 |
| TSMC Development, Inc. | 0.03 |
19,072,181 |
- |
19,072,181 |
1,731,643 |
1,730,439 |
1,686,286 |
168,628,571.57 |
| WaferTech, LLC | - |
8,159,897 |
814,712 |
7,345,185 |
8,651,858 |
2,458,457 |
1,604,287 |
5.46 |
| TSMC Partners, Ltd. | 31,345,892 |
47,453,005 |
- |
47,453,005 |
1,477,460 |
1,467,994 |
1,465,573 |
1.48 |
| TSMC Design Technology Canada Inc. | 66,663 |
177,730 |
22,373 |
155,357 |
217,999 |
19,818 |
15,868 |
6.90 |
| TSMC Global Ltd. | 104,161,912 |
196,337,823 |
64,006,990 |
132,330,833 |
1,614,016 |
419,559 |
338,151 |
102,969.22 |
| Mutual-Pak Technology Co., Ltd. | 268,184 |
92,726 |
66,793 |
25,932 |
116,494 |
(12,393) |
(13,673) |
(0.51) |
| Emerging Alliance Fund, L.P. | 769,332 |
155,901 |
- |
155,901 |
- |
(3,919) |
(2,194) |
NA |
| VentureTech Alliance Fund II, L.P. | 469,783 |
475,968 |
3,047 |
472,922 |
2,135 |
(9,185) |
(9,169) |
NA |
| VentureTech Alliance Fund III, L.P. | 3,605,523 |
804,410 |
- |
804,410 |
155,795 |
(67,776) |
(67,776) |
NA |
| Growth Fund Limited | 69,145 |
17,378 |
- |
17,378 |
- |
(3,291) |
(3,291) |
NA |
| VentureTech Alliance Holdings, LLC | - |
- |
- |
- |
- |
- |
- |
NA |
| TSMC Solar North America, Inc. | 32 |
31,774 |
16,076 |
15,698 |
16,457 |
(23,591) |
(23,738) |
(23,738.31) |
| TSMC Solar Europe B.V. | 3,857 |
1,235 |
249 |
987 |
- |
(637) |
(86,518) |
(432,587.78) |
| TSMC Solar Europe GmbH | 3,857 |
180,435 |
181,975 |
(1,540) |
380,171 |
(85,567) |
(85,880) |
(429,397.50) |
| TSMC Solar Ltd. | 11,341,000 |
7,854,352 |
4,969,718 |
2,884,634 |
738,355 |
(1,176,403) |
(1,722,175) |
(1.52) |
| TSMC Solid State Lighting Ltd. | 6,008,000 |
945,356 |
220,191 |
725,165 |
120,367 |
(2,452,475) |
(1,618,784) |
(2.69) |
| TSMC Guang Neng Investment, Ltd. | 200,000 |
65,560 |
- |
65,560 |
- |
(100) |
(37,069) |
NA |